Utah Retirement Systems grew its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,490 shares of the business services provider’s stock after buying an additional 200 shares during the period. Utah Retirement Systems’ holdings in Morningstar were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MORN. Public Employees Retirement Association of Colorado increased its position in shares of Morningstar by 0.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock worth $265,000 after purchasing an additional 29 shares during the period. State of Wisconsin Investment Board increased its position in shares of Morningstar by 4.4% in the second quarter. State of Wisconsin Investment Board now owns 3,774 shares of the business services provider’s stock worth $296,000 after purchasing an additional 160 shares during the period. Alps Advisors Inc. increased its position in shares of Morningstar by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,018 shares of the business services provider’s stock worth $471,000 after purchasing an additional 16 shares during the period. Legal & General Group Plc increased its position in shares of Morningstar by 1.7% in the second quarter. Legal & General Group Plc now owns 7,644 shares of the business services provider’s stock worth $599,000 after purchasing an additional 127 shares during the period. Finally, Cardinal Capital Management increased its position in shares of Morningstar by 18.2% in the second quarter. Cardinal Capital Management now owns 13,450 shares of the business services provider’s stock worth $1,054,000 after purchasing an additional 2,073 shares during the period. Hedge funds and other institutional investors own 38.32% of the company’s stock.

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In other Morningstar news, Director Gail S. Landis sold 500 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $83.00, for a total value of $41,500.00. Following the transaction, the director now directly owns 7,881 shares in the company, valued at approximately $654,123. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bevin Desmond sold 3,002 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $83.21, for a total value of $249,796.42. Following the completion of the transaction, the insider now owns 34,040 shares in the company, valued at $2,832,468.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,002 shares of company stock worth $332,401 in the last three months. 57.40% of the stock is currently owned by insiders.

Morningstar, Inc. (NASDAQ:MORN) opened at 82.02 on Friday. Morningstar, Inc. has a 12 month low of $67.74 and a 12 month high of $84.67. The company has a market cap of $3.49 billion, a PE ratio of 21.52 and a beta of 0.75. The company has a 50 day moving average price of $81.97 and a 200-day moving average price of $78.27.

Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th.

Morningstar Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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