Teachers Retirement System of The State of Kentucky Grows Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,420 shares of the business services provider’s stock after purchasing 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.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in Morningstar in the fourth quarter worth approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of Morningstar during the 4th quarter worth $35,000. CVA Family Office LLC acquired a new position in shares of Morningstar during the fourth quarter worth $65,000. Fifth Third Bancorp increased its holdings in Morningstar by 19.6% in the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock valued at $66,000 after buying an additional 38 shares during the last quarter. Finally, CWM LLC raised its stake in Morningstar by 14.1% in the fourth quarter. CWM LLC now owns 324 shares of the business services provider’s stock valued at $93,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

Morningstar Price Performance

Shares of NASDAQ:MORN opened at $288.46 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. Morningstar, Inc. has a 12 month low of $185.15 and a 12 month high of $316.05. The firm has a market capitalization of $12.33 billion, a P/E ratio of 58.27 and a beta of 1.16. The company’s fifty day moving average price is $293.59 and its 200 day moving average price is $290.36.

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

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 134 shares of Morningstar stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $300.43, for a total value of $40,257.62. Following the transaction, the chairman now directly owns 10,726,348 shares of the company’s stock, valued at approximately $3,222,516,729.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Steven N. Kaplan sold 1,250 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $298.13, for a total transaction of $372,662.50. Following the completion of the sale, the director now owns 43,177 shares in the company, valued at $12,872,359.01. 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 134 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $300.43, for a total value of $40,257.62. Following the completion of the transaction, the chairman now owns 10,726,348 shares in the company, valued at approximately $3,222,516,729.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,512 shares of company stock worth $21,674,184. 39.90% of the stock is owned by insiders.

About Morningstar

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.