Precision Wealth Strategies LLC Has $797,000 Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Precision Wealth Strategies LLC raised its stake in Morningstar, Inc. (NASDAQ:MORN) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,499 shares of the business services provider’s stock after purchasing an additional 63 shares during the quarter. Morningstar makes up about 0.7% of Precision Wealth Strategies LLC’s portfolio, making the stock its 24th biggest holding. Precision Wealth Strategies LLC’s holdings in Morningstar were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of Morningstar by 154.0% in the second quarter. Millennium Management LLC now owns 320,186 shares of the business services provider’s stock valued at $94,727,000 after buying an additional 194,122 shares in the last quarter. M&G Plc bought a new stake in shares of Morningstar in the first quarter valued at approximately $52,293,000. Norden Group LLC grew its position in Morningstar by 3,164.9% during the first quarter. Norden Group LLC now owns 129,257 shares of the business services provider’s stock worth $39,860,000 after buying an additional 125,298 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Morningstar during the 2nd quarter worth $9,366,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Morningstar during the 1st quarter worth $9,070,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Stock Performance

Morningstar stock opened at $342.84 on Tuesday. The stock has a market cap of $14.66 billion, a PE ratio of 69.26 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. Morningstar, Inc. has a 12-month low of $219.45 and a 12-month high of $349.07. The business’s 50-day moving average price is $319.35 and its two-hundred day moving average price is $306.41.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. The business had revenue of $571.90 million during the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%.

Morningstar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, October 4th. Morningstar’s payout ratio is 32.73%.

Insider Activity

In other Morningstar news, CRO Daniel Joseph Dunn sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total value of $513,424.00. Following the completion of the transaction, the executive now owns 12,967 shares of the company’s stock, valued at $4,160,980.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CRO Daniel Joseph Dunn sold 1,600 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total transaction of $513,424.00. Following the sale, the executive now directly owns 12,967 shares in the company, valued at approximately $4,160,980.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $316.48, for a total transaction of $237,360.00. Following the completion of the transaction, the director now owns 13,590 shares of the company’s stock, valued at approximately $4,300,963.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,541 shares of company stock worth $18,399,192. Insiders own 39.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MORN shares. BMO Capital Markets reissued an “outperform” rating and set a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a research report on Wednesday, October 9th. Finally, UBS Group assumed coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Morningstar currently has a consensus rating of “Moderate Buy” and an average price target of $360.67.

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.