Public Employees Retirement System of Ohio reduced its position in Morningstar, Inc. (NASDAQ:MORN) by 21.2% during the third quarter, HoldingsChannel.com reports. The firm owned 25,418 shares of the business services provider’s stock after selling 6,837 shares during the period. Public Employees Retirement System of Ohio’s holdings in Morningstar were worth $3,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MORN. Quantitative Systematic Strategies LLC bought a new stake in shares of Morningstar during the second quarter worth $290,000. Fisher Asset Management LLC boosted its position in Morningstar by 32.7% in the 2nd quarter. Fisher Asset Management LLC now owns 38,530 shares of the business services provider’s stock valued at $5,573,000 after buying an additional 9,501 shares during the period. Aperio Group LLC boosted its position in Morningstar by 0.9% in the 2nd quarter. Aperio Group LLC now owns 23,035 shares of the business services provider’s stock valued at $3,332,000 after buying an additional 212 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in Morningstar in the 2nd quarter valued at about $215,000. Finally, Advisory Services Network LLC grew its stake in Morningstar by 13.8% in the 2nd quarter. Advisory Services Network LLC now owns 3,407 shares of the business services provider’s stock worth $492,000 after acquiring an additional 414 shares in the last quarter. 45.35% of the stock is owned by institutional investors and hedge funds.

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,009 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $144.32, for a total transaction of $1,300,178.88. Following the sale, the chairman now owns 21,347,230 shares of the company’s stock, valued at approximately $3,080,832,233.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Joseph D. Mansueto sold 15,038 shares of Morningstar stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $160.24, for a total value of $2,409,689.12. Following the completion of the transaction, the insider now owns 21,481,594 shares in the company, valued at $3,442,210,622.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,553 shares of company stock worth $42,575,866. 54.10% of the stock is owned by company insiders.

MORN has been the subject of several research analyst reports. BidaskClub downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. ValuEngine cut Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Shares of MORN stock opened at $153.98 on Friday. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $163.93. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $156.04 and a two-hundred day simple moving average of $151.41. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 38.04 and a beta of 0.80.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.39 EPS for the quarter. Morningstar had a return on equity of 17.99% and a net margin of 15.04%. The firm had revenue of $313.80 million for the quarter.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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