Kera Capital Partners Inc. Invests $686,000 in Morningstar, Inc. $MORN

Kera Capital Partners Inc. purchased a new position in Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,396 shares of the business services provider’s stock, valued at approximately $686,000.

A number of other large investors also recently bought and sold shares of MORN. Corient Private Wealth LLC increased its stake in shares of Morningstar by 1,196.5% during the fourth quarter. Corient Private Wealth LLC now owns 260,978 shares of the business services provider’s stock valued at $56,713,000 after purchasing an additional 240,848 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Morningstar in the 4th quarter worth approximately $1,369,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Morningstar by 153.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,061 shares of the business services provider’s stock worth $2,186,000 after purchasing an additional 6,084 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Morningstar by 4.5% in the 4th quarter. Vident Advisory LLC now owns 14,429 shares of the business services provider’s stock worth $3,136,000 after purchasing an additional 627 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Morningstar by 1,352.6% in the 4th quarter. NewEdge Advisors LLC now owns 1,133 shares of the business services provider’s stock worth $246,000 after buying an additional 1,055 shares during the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Price Performance

MORN opened at $153.68 on Friday. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 15.65 and a beta of 1.00. The firm has a 50 day moving average price of $176.62 and a 200-day moving average price of $187.15. Morningstar, Inc. has a twelve month low of $149.08 and a twelve month high of $316.71. 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 issued its earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $644.80 million for the quarter, compared to analysts’ expectations of $626.91 million.

Analyst Ratings Changes

A number of research analysts have issued reports on MORN shares. Weiss Ratings upgraded Morningstar from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Rothschild & Co Redburn set a $210.00 target price on Morningstar in a research note on Thursday. Finally, Wall Street Zen downgraded Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Morningstar presently has a consensus rating of “Moderate Buy” and an average price target of $227.67.

Insider Activity

In related news, Chairman Joseph D. Mansueto sold 7,250 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $166.23, for a total transaction of $1,205,167.50. Following the completion of the sale, the chairman owned 8,114,492 shares in the company, valued at approximately $1,348,872,005.16. This represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 64,720 shares of company stock valued at $11,169,471. Company insiders own 38.80% of the company’s stock.

Morningstar Company Profile

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.