Callan Family Office LLC Takes Position in Morningstar, Inc. (NASDAQ:MORN)

Callan Family Office LLC purchased a new stake in Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 782 shares of the business services provider’s stock, valued at approximately $263,000.

Several other hedge funds also recently made changes to their positions in MORN. Smartleaf Asset Management LLC grew its position in shares of Morningstar by 178.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Morningstar during the fourth quarter worth about $28,000. Venturi Wealth Management LLC grew its position in Morningstar by 101.7% during the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after buying an additional 61 shares in the last quarter. R Squared Ltd purchased a new position in Morningstar during the fourth quarter worth about $40,000. Finally, V Square Quantitative Management LLC grew its position in Morningstar by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock worth $47,000 after buying an additional 46 shares in the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Morningstar

In other news, CFO Jason Dubinsky sold 3,223 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the sale, the chief financial officer now owns 17,304 shares of the company’s stock, valued at approximately $6,106,235.52. The trade was a 15.70 % 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 1,716 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $327.89, for a total value of $562,659.24. Following the completion of the sale, the chairman now directly owns 10,151,120 shares of the company’s stock, valued at approximately $3,328,450,736.80. This trade represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 53,703 shares of company stock worth $17,349,106. 39.90% of the stock is currently owned by corporate insiders.

Morningstar Price Performance

MORN opened at $282.51 on Tuesday. The stock has a 50-day moving average price of $322.38 and a 200-day moving average price of $329.58. Morningstar, Inc. has a 12-month low of $281.37 and a 12-month high of $365.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $12.10 billion, a P/E ratio of 37.32 and a beta of 1.23.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The firm had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $580.81 million.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MORN shares. BMO Capital Markets reduced their target price on Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th.

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.