Incline Global Management LLC Has $1.36 Million Stake in Morningstar, Inc. $MORN

Incline Global Management LLC decreased its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 90.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,278 shares of the business services provider’s stock after selling 60,703 shares during the quarter. Morningstar comprises approximately 0.5% of Incline Global Management LLC’s investment portfolio, making the stock its 25th biggest holding. Incline Global Management LLC’s holdings in Morningstar were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Morningstar by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock worth $53,000 after buying an additional 34 shares during the period. WPG Advisers LLC grew its holdings in Morningstar by 36.0% during the fourth quarter. WPG Advisers LLC now owns 185 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 49 shares during the period. Verdence Capital Advisors LLC grew its holdings in Morningstar by 3.9% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,423 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares during the period. Clearstead Advisors LLC grew its holdings in Morningstar by 54.2% during the third quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 58 shares during the period. Finally, Quarry LP grew its holdings in Morningstar by 51.2% during the fourth quarter. Quarry LP now owns 189 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar News Roundup

Here are the key news stories impacting Morningstar this week:

• Positive Sentiment: Morningstar Wealth is launching public/private model portfolios with major partners Apollo, Franklin Templeton and J.P. Morgan, potentially broadening its wealth platform and creating a new growth avenue. Reuters article
• Positive Sentiment: Morningstar’s new report says the semiliquid fund market is nearing $600 billion, underscoring strong demand trends in an area where Morningstar can expand research and product coverage. Business Wire article
• Neutral Sentiment: Morningstar also highlighted that advisors are shifting toward private equity and venture capital, reinforcing the relevance of its alternative-investment research and platform. InvestmentNews article
• Neutral Sentiment: The firm’s commentary on SpaceX being “wildly overvalued” is more market commentary than a direct earnings driver, but it keeps Morningstar visible as a valuation-focused research provider. MSN article
• Negative Sentiment: Investor reaction may also reflect broader caution around alternative assets and private-credit trends, even as Morningstar’s research suggests growth in semiliquid products. Business Wire article

Morningstar Stock Performance

Shares of MORN opened at $164.30 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.03 and a current ratio of 1.03. Morningstar, Inc. has a twelve month low of $149.08 and a twelve month high of $316.71. The firm’s 50 day moving average price is $177.47 and its two-hundred day moving average price is $187.82. The firm has a market cap of $6.25 billion, a P/E ratio of 16.73 and a beta of 1.00.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.77. The business had revenue of $644.80 million for the quarter, compared to analyst estimates of $626.91 million. Morningstar had a net margin of 16.06% and a return on equity of 33.14%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded shares of Morningstar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $236.50.

Insider Transactions at Morningstar

In other news, Chairman Joseph D. Mansueto sold 2,270 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $176.72, for a total value of $401,154.40. Following the sale, the chairman owned 8,043,492 shares of the company’s stock, valued at $1,421,445,906.24. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Holt sold 270 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $166.05, for a total transaction of $44,833.50. Following the completion of the sale, the chief financial officer directly owned 12,326 shares in the company, valued at approximately $2,046,732.30. This represents a 2.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,720 shares of company stock valued at $11,169,471 over the last 90 days. 38.80% of the stock is owned by corporate insiders.

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.