Daiwa Securities Group Inc. Has $4.89 Million Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Daiwa Securities Group Inc. reduced its position in Morningstar, Inc. (NASDAQ:MORN) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,517 shares of the business services provider’s stock after selling 598 shares during the period. Daiwa Securities Group Inc.’s holdings in Morningstar were worth $4,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Morningstar by 2.1% in the third quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock worth $158,772,000 after buying an additional 10,437 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Morningstar by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after acquiring an additional 5,045 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Morningstar by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock worth $5,056,000 after purchasing an additional 1,789 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Morningstar by 259.3% during the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock valued at $4,394,000 after purchasing an additional 9,937 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Morningstar in the 3rd quarter valued at $3,181,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Stock Performance

Shares of MORN opened at $287.53 on Thursday. The company has a market capitalization of $12.32 billion, a PE ratio of 37.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a one year low of $278.64 and a one year high of $365.00. The company’s fifty day moving average price is $320.35 and its 200 day moving average price is $329.08.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 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 business had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million.

Analyst Upgrades and Downgrades

MORN has been the topic of several analyst reports. BMO Capital Markets lowered their target price on shares of Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 27th.

Insiders Place Their Bets

In related news, CFO Jason Dubinsky sold 3,223 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $352.88, for a total transaction of $1,137,332.24. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $301.10, for a total transaction of $2,728,568.20. Following the transaction, the chairman now owns 10,047,332 shares of the company’s stock, valued at approximately $3,025,251,665.20. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,703 shares of company stock valued at $17,349,106 in the last three months. Company insiders own 37.70% of the company’s stock.

Morningstar 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.