Morningstar (NASDAQ:MORN) Coverage Initiated by Analysts at UBS Group

Equities research analysts at UBS Group initiated coverage on shares of Morningstar (NASDAQ:MORN) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $390.00 price target on the business services provider’s stock. UBS Group’s price objective would suggest a potential upside of 24.66% from the company’s current price.

Separately, BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a research note on Wednesday, August 28th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $354.00.

Morningstar Trading Down 1.9 %

Shares of Morningstar stock opened at $312.85 on Tuesday. The company has a market capitalization of $13.37 billion, a P/E ratio of 63.20 and a beta of 1.19. The stock has a fifty day simple moving average of $312.95 and a 200 day simple moving average of $303.89. Morningstar has a 12-month low of $219.45 and a 12-month high of $330.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. The firm had revenue of $571.90 million during the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%.

Insider Activity at Morningstar

In related news, CRO Daniel Joseph Dunn sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total value of $513,424.00. Following the completion of the sale, the executive now owns 12,967 shares in the company, valued at $4,160,980.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CRO Daniel Joseph Dunn sold 1,600 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total value of $513,424.00. Following the completion of the sale, the executive now owns 12,967 shares of the company’s stock, valued at approximately $4,160,980.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 1,144 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $317.03, for a total value of $362,682.32. Following the transaction, the chairman now owns 10,640,768 shares in the company, valued at approximately $3,373,442,679.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,541 shares of company stock valued at $18,399,192 over the last 90 days. 39.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MORN. KBC Group NV purchased a new stake in shares of Morningstar in the 4th quarter worth about $136,000. Nebula Research & Development LLC bought a new stake in Morningstar during the 4th quarter valued at approximately $747,000. Point72 Europe London LLP purchased a new position in shares of Morningstar during the 4th quarter worth approximately $1,756,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Morningstar by 6.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 8,420 shares of the business services provider’s stock worth $2,410,000 after acquiring an additional 520 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Morningstar by 45.9% in the 4th quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock valued at $145,835,000 after purchasing an additional 160,281 shares during the period. Institutional investors own 57.02% of the company’s stock.

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.