Sei Investments Co. Buys 1,637 Shares of Morningstar, Inc. (NASDAQ:MORN)

Sei Investments Co. boosted its stake in Morningstar, Inc. (NASDAQ:MORNFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,813 shares of the business services provider’s stock after purchasing an additional 1,637 shares during the period. Sei Investments Co. owned about 0.30% of Morningstar worth $29,939,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Meeder Asset Management Inc. increased its position in shares of Morningstar by 7,500.0% during the fourth quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider’s stock worth $33,000 after buying an additional 150 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Morningstar during the third quarter worth $42,000. Fifth Third Bancorp increased its position in shares of Morningstar by 55.2% during the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after buying an additional 69 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Morningstar during the second quarter worth $541,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Morningstar during the third quarter worth $48,000. Institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Joseph D. Mansueto sold 9,861 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.17, for a total value of $2,989,559.37. Following the transaction, the chairman now owns 10,811,730 shares of the company’s stock, valued at approximately $3,277,792,184.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Joseph D. Mansueto sold 9,861 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $303.17, for a total value of $2,989,559.37. Following the transaction, the chairman now owns 10,811,730 shares of the company’s stock, valued at approximately $3,277,792,184.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph D. Mansueto sold 7,470 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $277.23, for a total transaction of $2,070,908.10. Following the completion of the transaction, the chairman now directly owns 10,927,151 shares in the company, valued at approximately $3,029,334,071.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,322 shares of company stock valued at $25,496,677. Company insiders own 39.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MORN shares. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd.

Read Our Latest Research Report on MORN

Morningstar Stock Performance

NASDAQ MORN opened at $308.59 on Friday. The company’s 50 day moving average is $282.47 and its 200-day moving average is $264.15. Morningstar, Inc. has a 12-month low of $163.28 and a 12-month high of $316.05. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.19 billion, a P/E ratio of 94.08 and a beta of 1.15.

Morningstar (NASDAQ:MORNGet Free Report) last posted its earnings results on Thursday, February 22nd. The business services provider reported $1.97 earnings per share for the quarter. The business had revenue of $538.70 million for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%.

Morningstar Profile

(Free Report)

Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.

Further Reading

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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