Morningstar (NASDAQ:MORN) Lowered to “Neutral” at Redburn Atlantic

Morningstar (NASDAQ:MORN) was downgraded by investment analysts at Redburn Atlantic from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat.com reports. They presently have a $340.00 price target on the business services provider’s stock. Redburn Atlantic’s price objective points to a potential upside of 1.41% from the company’s current price.

Several other equities research analysts have also commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 price target on shares of Morningstar in a research report on Wednesday, August 28th. UBS Group began coverage on shares of Morningstar in a research report on Tuesday. They set a “buy” rating and a $390.00 target price for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Morningstar currently has an average rating of “Moderate Buy” and an average price target of $360.67.

Morningstar Trading Up 7.2 %

NASDAQ:MORN opened at $335.28 on Wednesday. The company has a 50 day simple moving average of $312.95 and a two-hundred day simple moving average of $303.89. The company has a market cap of $14.33 billion, a PE ratio of 67.73 and a beta of 1.19. 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 has a 12 month low of $219.45 and a 12 month high of $335.67.

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

Insider Transactions at Morningstar

In related news, Director William M. Lyons sold 750 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $311.60, for a total transaction of $233,700.00. Following the completion of the transaction, the director now directly owns 14,340 shares in the company, valued at approximately $4,468,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Morningstar news, CRO Daniel Joseph Dunn sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total transaction of $513,424.00. Following the sale, the executive now directly owns 12,967 shares of the company’s stock, valued at $4,160,980.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Lyons sold 750 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $311.60, for a total value of $233,700.00. Following the completion of the transaction, the director now owns 14,340 shares in the company, valued at $4,468,344. 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 59,541 shares of company stock valued at $18,399,192 over the last quarter. 39.90% of the stock is currently owned by company insiders.

Institutional Trading of Morningstar

Several institutional investors and hedge funds have recently added to or reduced their stakes in MORN. Blue Trust Inc. grew its holdings in Morningstar by 326.9% during the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after buying an additional 85 shares in the last quarter. Crewe Advisors LLC purchased a new position in Morningstar during the second quarter valued at $35,000. DT Investment Partners LLC bought a new stake in Morningstar in the 2nd quarter valued at $36,000. Acadian Asset Management LLC lifted its stake in Morningstar by 73.8% in the 2nd quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock worth $43,000 after purchasing an additional 62 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Morningstar by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 57.02% 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.