XTX Topco Ltd Has $1.10 Million Holdings in Morningstar, Inc. $MORN

XTX Topco Ltd lessened its stake in Morningstar, Inc. (NASDAQ:MORN) by 46.8% in the second quarter, HoldingsChannel reports. The firm owned 3,490 shares of the business services provider’s stock after selling 3,068 shares during the period. XTX Topco Ltd’s holdings in Morningstar were worth $1,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. grew its position in shares of Morningstar by 10.7% during the 2nd quarter. Prudential Financial Inc. now owns 21,826 shares of the business services provider’s stock worth $6,852,000 after buying an additional 2,107 shares during the period. American Century Companies Inc. boosted its stake in Morningstar by 82.8% during the 2nd quarter. American Century Companies Inc. now owns 15,308 shares of the business services provider’s stock worth $4,806,000 after acquiring an additional 6,936 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Morningstar by 6.7% during the second quarter. Segall Bryant & Hamill LLC now owns 40,792 shares of the business services provider’s stock valued at $12,806,000 after purchasing an additional 2,576 shares during the period. Legal & General Group Plc increased its stake in Morningstar by 3.8% in the second quarter. Legal & General Group Plc now owns 49,501 shares of the business services provider’s stock valued at $15,540,000 after purchasing an additional 1,812 shares in the last quarter. Finally, MAI Capital Management raised its holdings in Morningstar by 47.7% in the second quarter. MAI Capital Management now owns 226 shares of the business services provider’s stock worth $71,000 after purchasing an additional 73 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 7,250 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $211.95, for a total transaction of $1,536,637.50. Following the completion of the transaction, the chairman directly owned 8,693,565 shares of the company’s stock, valued at $1,842,601,101.75. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 63,750 shares of company stock worth $13,537,223. Corporate insiders own 36.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MORN shares. UBS Group decreased their price target on shares of Morningstar from $350.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, October 30th. BMO Capital Markets set a $250.00 target price on Morningstar in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Morningstar in a research report on Wednesday. Finally, Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Friday. Two 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Morningstar Price Performance

MORN stock opened at $214.87 on Friday. The stock has a 50-day moving average price of $219.34 and a two-hundred day moving average price of $261.48. Morningstar, Inc. has a 1 year low of $202.89 and a 1 year high of $365.00. The stock has a market cap of $8.84 billion, a PE ratio of 24.44 and a beta of 1.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.13. The company had revenue of $617.40 million during the quarter, compared to analysts’ expectations of $603.29 million. Morningstar had a return on equity of 24.68% and a net margin of 15.70%.

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.