New Age Alpha Advisors LLC Has $3.06 Million Position in Morningstar, Inc. $MORN

New Age Alpha Advisors LLC increased its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 148.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,056 shares of the business services provider’s stock after acquiring an additional 8,398 shares during the period. New Age Alpha Advisors LLC’s holdings in Morningstar were worth $3,055,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in shares of Morningstar by 151.7% during the 4th quarter. Hantz Financial Services Inc. now owns 219 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 132 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Morningstar by 239.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 8,499 shares of the business services provider’s stock valued at $1,847,000 after acquiring an additional 5,992 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Morningstar by 88.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 819 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 384 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Morningstar during the 4th quarter valued at about $323,000. Finally, Global Retirement Partners LLC boosted its position in shares of Morningstar by 2,600.0% during the 4th quarter. Global Retirement Partners LLC now owns 351 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 338 shares in the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 7,250 shares of Morningstar stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $175.84, for a total transaction of $1,274,840.00. Following the completion of the transaction, the chairman directly owned 8,066,990 shares of the company’s stock, valued at $1,418,499,521.60. This trade represents a 0.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 74,392 shares of company stock worth $12,903,874. Company insiders own 38.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MORN. UBS Group set a $280.00 target price on shares of Morningstar in a research report on Friday, February 13th. Weiss Ratings lowered shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. BMO Capital Markets cut their price target on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $236.50.

Morningstar Trading Down 1.1%

Shares of MORN stock opened at $177.74 on Wednesday. Morningstar, Inc. has a 12-month low of $149.08 and a 12-month high of $316.71. The company has a market capitalization of $6.76 billion, a P/E ratio of 18.10 and a beta of 0.99. The firm has a 50-day moving average price of $174.85 and a 200 day moving average price of $191.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.77. Morningstar had a net margin of 16.06% and a return on equity of 33.14%. The firm had revenue of $644.80 million during the quarter, compared to the consensus estimate of $626.91 million.

About Morningstar

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.