Public Employees Retirement System of Ohio cut its holdings in Morningstar, Inc. (NASDAQ:MORN) by 21.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,418 shares of the business services provider’s stock after selling 6,837 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Morningstar worth $3,715,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of MORN. Bank of Stockton boosted its holdings in Morningstar by 39.5% in the third quarter. Bank of Stockton now owns 4,855 shares of the business services provider’s stock worth $709,000 after purchasing an additional 1,375 shares during the last quarter. Cresset Asset Management LLC boosted its stake in shares of Morningstar by 133.1% in the 2nd quarter. Cresset Asset Management LLC now owns 1,485 shares of the business services provider’s stock worth $215,000 after buying an additional 848 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in shares of Morningstar in the 2nd quarter worth $257,000. Mawer Investment Management Ltd. grew its holdings in shares of Morningstar by 24.8% in the second quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock worth $69,905,000 after acquiring an additional 96,000 shares during the period. Finally, Man Group plc grew its holdings in shares of Morningstar by 7.9% in the second quarter. Man Group plc now owns 20,088 shares of the business services provider’s stock worth $2,906,000 after acquiring an additional 1,473 shares during the period. Institutional investors and hedge funds own 45.35% of the company’s stock.
Shares of NASDAQ:MORN opened at $153.98 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $6.58 billion, a PE ratio of 38.04 and a beta of 0.80. The firm’s 50 day moving average price is $156.04 and its 200-day moving average price is $151.41. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $163.93.
Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter. Morningstar had a net margin of 15.04% and a return on equity of 17.99%. The company had revenue of $313.80 million during the quarter.
A number of research firms recently commented on MORN. ValuEngine cut Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub cut Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th.
In other Morningstar news, CFO Jason Dubinsky sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $158.26, for a total transaction of $174,086.00. Following the sale, the chief financial officer now owns 18,798 shares in the company, valued at approximately $2,974,971.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Joseph D. Mansueto sold 19,450 shares of Morningstar stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $153.98, for a total transaction of $2,994,911.00. Insiders sold 273,553 shares of company stock worth $42,575,866 over the last quarter. Insiders own 54.10% of the company’s stock.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
Further Reading: What are benefits of a growth and income fund?
Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.