Morningstar, Inc. (NASDAQ:MORN) shares acquired by MAI Capital Management

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MAI Capital Management raised its position in shares of Morningstar, Inc. (NASDAQ:MORN – Get Rating) by 4.7% during the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The company held 993 shares of the business services provider after buying an additional 45 shares during the quarter. MAI Capital Management’s holdings in Morningstar were worth $271,000 when it last filed with the SEC.

A number of other hedge funds and other institutional investors also changed their positions in MORN. Select Equity Group LP increased its stake in Morningstar shares by 16.5% during the 4th quarter. Select Equity Group LP now owns 4,850,288 shares of the business services provider worth $1,658,750,000 after purchasing an additional 688,048 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Morningstar in Q4 worth $128,670,000. JPMorgan Chase & Co. increased its stake in Morningstar by 20.5% in the fourth quarter. JPMorgan Chase & Co. now owns 576,347 shares of the business services provider valued at $197,104,000 after acquiring an additional 97,873 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Morningstar in Q1 worth $7,986,000. Finally, SG Americas Securities LLC increased its stake in Morningstar by 1,245.6% in the 4th quarter. SG Americas Securities LLC now owns 25,364 shares of the business services provider valued at $8,674,000 after acquiring an additional 23,479 shares during the period. Institutional investors and hedge funds hold 54.01% of the company’s shares.

Morningstar Price Performance

Morningstar stock opened at $244.28 on Friday. The company’s fifty-day moving average price is $242.61 and its 200-day moving average price is $257.94. Morningstar, Inc. has a 1-year low of $218.25 and a 1-year high of $350.21. The stock has a market capitalization of $10.38 billion, a P/E ratio of 58.30 and a beta of 1.11. The company has a debt ratio of 0.92, a quick ratio of 1.02 and a current ratio of 1.02.

Insider Activity at Morningstar

In related news, manager William M. Lyons sold 2,500 shares of Morningstar in a trade on Monday August 8th. The shares were sold at an average price of $249.92, for a total value of $624,800.00. Following the sale, the director now owns 15,833 shares of the company, valued at approximately $3,956,983.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In related news, manager William M. Lyons sold 2,500 shares of Morningstar in a trade on Monday August 8th. The shares were sold at an average price of $249.92, for a total value of $624,800.00. Following the sale, the director now owns 15,833 shares of the company, valued at approximately $3,956,983.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Chairman Joseph D. Mansueto sold 5,777 Morningstar shares in a trade on Friday, August 12. The shares were sold at an average price of $256.11, for a total transaction of $1,479,547.47. Following the completion of the sale, the President now directly owns 12,372,041 shares of the company, valued at approximately $3,168,603,420.51. The disclosure of this sale can be found here. During the last quarter, insiders sold 91,264 shares of the company valued at $22,503,265. 45.70% of the shares are held by insiders of the company.

About Morningstar

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Morningstar, Inc provides independent investment research services in North America, Europe, Australia and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund ratings, and indices, as well as environmental, social and governance rating services ( ESG); and investment offerings, including managed investment products, publicly traded and private companies, fixed income securities and real-time global market data for financial advisors, asset managers, pension plan providers and sponsors and individual and institutional investors.

Further reading

Want to see which other hedge funds hold MORN? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Morningstar, Inc. (NASDAQ:MORN – Get Rating).

Institutional ownership by quarter for Morningstar (NASDAQ:MORN)



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