Quest Partners LLC Has $4.07 Million Stake in Morningstar, Inc. (NASDAQ:MORN)

Quest Partners LLC boosted its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 1,274,200.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,743 shares of the business services provider’s stock after buying an additional 12,742 shares during the period. Morningstar makes up about 0.4% of Quest Partners LLC’s portfolio, making the stock its 10th largest position. Quest Partners LLC’s holdings in Morningstar were worth $4,067,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in Morningstar by 0.4% in the 1st quarter. Russell Investments Group Ltd. now owns 22,413 shares of the business services provider’s stock valued at $6,911,000 after acquiring an additional 82 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Morningstar by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 26,641 shares of the business services provider’s stock valued at $8,215,000 after purchasing an additional 218 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Morningstar during the first quarter valued at approximately $426,000. O Shaughnessy Asset Management LLC grew its holdings in Morningstar by 18.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,622 shares of the business services provider’s stock worth $500,000 after buying an additional 253 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in Morningstar in the 1st quarter valued at $5,859,000. 57.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MORN shares. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective on the stock. in a report on Wednesday, October 9th. BMO Capital Markets restated an “outperform” rating and set a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. UBS Group initiated coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. Finally, StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 3,825 shares of Morningstar stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $351.05, for a total value of $1,342,766.25. Following the completion of the transaction, the chairman now owns 10,791,380 shares in the company, valued at $3,788,313,949. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Lyons sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $331.88, for a total transaction of $248,910.00. Following the sale, the director now owns 12,840 shares in the company, valued at $4,261,339.20. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,357 shares of company stock valued at $22,039,835 over the last ninety days. 39.90% of the stock is currently owned by insiders.

Morningstar Trading Down 1.6 %

NASDAQ MORN opened at $337.57 on Monday. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 44.59 and a beta of 1.18. The business’s fifty day moving average is $329.41 and its 200-day moving average is $311.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a one year low of $264.79 and a one year high of $352.55.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The company had revenue of $569.40 million during the quarter.

Morningstar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is 21.40%.

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.