V Square Quantitative Management LLC Sells 52 Shares of Morningstar, Inc. $MORN

V Square Quantitative Management LLC lowered its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 35.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93 shares of the business services provider’s stock after selling 52 shares during the quarter. V Square Quantitative Management LLC’s holdings in Morningstar were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock worth $53,000 after acquiring an additional 34 shares during the period. Ballentine Partners LLC raised its holdings in Morningstar by 3.4% in the 1st quarter. Ballentine Partners LLC now owns 1,290 shares of the business services provider’s stock worth $387,000 after acquiring an additional 42 shares during the period. MAI Capital Management raised its holdings in Morningstar by 37.8% in the 1st quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock worth $46,000 after acquiring an additional 42 shares during the period. Compound Planning Inc. raised its holdings in Morningstar by 6.6% in the 1st quarter. Compound Planning Inc. now owns 777 shares of the business services provider’s stock worth $233,000 after acquiring an additional 48 shares during the period. Finally, UMB Bank n.a. raised its holdings in Morningstar by 10.5% in the 1st quarter. UMB Bank n.a. now owns 516 shares of the business services provider’s stock worth $155,000 after acquiring an additional 49 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 7,250 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $256.50, for a total value of $1,859,625.00. Following the completion of the transaction, the chairman directly owned 9,373,175 shares of the company’s stock, valued at approximately $2,404,219,387.50. This represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 85,500 shares of company stock valued at $22,341,957. Corporate insiders own 36.20% of the company’s stock.

Morningstar Price Performance

NASDAQ:MORN opened at $226.26 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50-day moving average of $255.50 and a 200-day moving average of $281.69. Morningstar, Inc. has a 52 week low of $225.35 and a 52 week high of $365.00. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 24.10 and a beta of 1.00.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.19. The firm had revenue of $605.10 million during the quarter, compared to analyst estimates of $605.84 million. Morningstar had a net margin of 17.22% and a return on equity of 23.54%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $361.67.

Morningstar Company 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.