Segall Bryant & Hamill LLC Has $12.81 Million Holdings in Morningstar, Inc. $MORN

Segall Bryant & Hamill LLC raised its stake in Morningstar, Inc. (NASDAQ:MORN) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,792 shares of the business services provider’s stock after buying an additional 2,576 shares during the quarter. Segall Bryant & Hamill LLC owned 0.10% of Morningstar worth $12,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Morningstar by 270.3% in the 2nd quarter. IFP Advisors Inc now owns 137 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 100 shares during the period. MAI Capital Management increased its stake in Morningstar by 37.8% in the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 42 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Morningstar by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 34 shares in the last quarter. American National Bank & Trust acquired a new stake in Morningstar in the second quarter worth $57,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Morningstar by 278.2% during the first quarter. Geneos Wealth Management Inc. now owns 208 shares of the business services provider’s stock worth $62,000 after purchasing an additional 153 shares in the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 7,250 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $211.95, for a total transaction of $1,536,637.50. Following the completion of the transaction, the chairman directly owned 8,693,565 shares of the company’s stock, valued at $1,842,601,101.75. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 66,779 shares of company stock worth $14,767,643. Corporate insiders own 36.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Morningstar in a research report on Thursday. BMO Capital Markets set a $250.00 target price on Morningstar in a research note on Thursday, October 30th. Finally, UBS Group dropped their price target on Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Morningstar has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $212.84 on Friday. The company has a fifty day moving average price of $222.28 and a 200 day moving average price of $264.68. The firm has a market cap of $8.75 billion, a PE ratio of 24.21 and a beta of 1.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Morningstar, Inc. has a 1-year low of $202.89 and a 1-year high of $365.00.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.13. The company had revenue of $617.40 million for the quarter, compared to analyst estimates of $603.29 million. Morningstar had a return on equity of 24.68% and a net margin of 15.70%.

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.