Morningstar, Inc. (NASDAQ:MORN) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Morningstar, Inc. (NASDAQ:MORN) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 8,420 shares of the business services provider’s stock after buying an additional 520 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Morningstar were worth $2,410,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MORN. Principal Securities Inc. acquired a new position in shares of Morningstar during the fourth quarter worth $29,000. GAMMA Investing LLC purchased a new position in Morningstar in the 4th quarter valued at about $35,000. CVA Family Office LLC acquired a new stake in shares of Morningstar during the fourth quarter valued at about $65,000. Fifth Third Bancorp increased its position in shares of Morningstar by 19.6% during the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after acquiring an additional 38 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Morningstar by 14.1% in the fourth quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after acquiring an additional 40 shares in the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Stock Up 0.7 %

NASDAQ:MORN opened at $288.46 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 58.27 and a beta of 1.16. Morningstar, Inc. has a one year low of $185.15 and a one year high of $316.05. The stock has a 50-day simple moving average of $293.59 and a 200 day simple moving average of $290.36.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. The company had revenue of $542.80 million during the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MORN. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Insider Buying and Selling at Morningstar

In other news, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $289.07, for a total value of $216,802.50. Following the transaction, the director now directly owns 16,590 shares in the company, valued at approximately $4,795,671.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Morningstar news, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $289.07, for a total value of $216,802.50. Following the transaction, the director now owns 16,590 shares of the company’s stock, valued at $4,795,671.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 8,954 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $294.34, for a total value of $2,635,520.36. Following the transaction, the chairman now directly owns 10,741,312 shares of the company’s stock, valued at $3,161,597,774.08. The disclosure for this sale can be found here. Insiders sold a total of 73,512 shares of company stock worth $21,674,184 over the last 90 days. Insiders own 39.90% of the company’s stock.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.