Morningstar, Inc. (MORN) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

May 17, 2018 - By Robert Crowder

Morningstar, Inc. (NASDAQ:MORN) Logo

Investors sentiment increased to 1.58 in 2017 Q4. Its up 0.45, from 1.13 in 2017Q3. It improved, as 8 investors sold Morningstar, Inc. shares while 44 reduced holdings. 34 funds opened positions while 48 raised stakes. 16.83 million shares or 3.78% more from 16.22 million shares in 2017Q3 were reported.
Zebra Capital Mgmt Lc has invested 0.54% in Morningstar, Inc. (NASDAQ:MORN). Paradigm Asset Management Ltd Com invested in 700 shares or 0.02% of the stock. Huntington Bancorporation holds 0% of its portfolio in Morningstar, Inc. (NASDAQ:MORN) for 2,247 shares. D E Shaw Inc stated it has 6,376 shares. North Star Investment Management Corp holds 0% or 325 shares. Parametric Port Assocs Lc has 211,712 shares. Fmr Limited Company owns 113,460 shares for 0% of their portfolio. Renaissance Tech Limited Liability Com holds 0.06% of its portfolio in Morningstar, Inc. (NASDAQ:MORN) for 557,900 shares. State Street Corporation, a Massachusetts-based fund reported 298,173 shares. Atlantic Tru Gru Ltd Liability Com holds 1,630 shares or 0% of its portfolio. Kayne Anderson Rudnick Investment Management Ltd Com has 0.69% invested in Morningstar, Inc. (NASDAQ:MORN). Fifth Third Bank & Trust has invested 0% of its portfolio in Morningstar, Inc. (NASDAQ:MORN). Jpmorgan Chase reported 0.02% stake. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Morningstar, Inc. (NASDAQ:MORN). Co Bankshares invested 0% of its portfolio in Morningstar, Inc. (NASDAQ:MORN).

Since February 23, 2018, it had 0 insider buys, and 7 insider sales for $11.99 million activity. Another trade for 1,531 shares valued at $146,149 was sold by Landis Gail S.

The stock of Morningstar, Inc. (NASDAQ:MORN) hit a new 52-week high and has $124.02 target or 8.00 % above today’s $114.83 share price. The 9 months bullish chart indicates low risk for the $4.88 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $124.02 price target is reached, the company will be worth $390.56M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.66% or $0.75 during the last trading session, reaching $114.83. About 34,705 shares traded. Morningstar, Inc. (NASDAQ:MORN) has risen 23.43% since May 17, 2017 and is uptrending. It has outperformed by 11.88% the S&P500.

More notable recent Morningstar, Inc. (NASDAQ:MORN) news were published by: Benzinga.com which released: “With Its All-In-One Portfolio Tracker, Fintech Awards Finalist Sharesight Has Its Sights Set On Benzinga Gold” on May 02, 2018, also Prnewswire.com with their article: “Morningstar Assigns New Analyst Ratings to Three US Funds; Upgrades Eight Funds; Downgrades Ten Funds in April …” published on May 16, 2018, Globenewswire.com published: “Recent Analysis Shows Morningstar, Tactile Systems Technology, Allete, Tetraphase Pharmaceuticals, Magellan …” on April 30, 2018. More interesting news about Morningstar, Inc. (NASDAQ:MORN) were released by: Prnewswire.com and their article: “Morningstar Launches Morningstar Direct for Wealth Management, a Comprehensive Software Solution Enabling …” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “Banks, fintechs seek clarity on consumer data-sharing standards” with publication date: May 11, 2018.

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company has market cap of $4.88 billion. The firm offers a line of data, software, research, and investment management offerings for financial advisors, asset managers, retirement plan providers and sponsors, and individual investors. It has a 36.11 P/E ratio. It offers Morningstar Data, an investment data spanning various investment databases, including pricing and commodity data; Morningstar Advisor Workstation, a Web investment planning system; Morningstar Direct, an institutional investment research platform; and Morningstar.com, a Website for individual investors.

Morningstar, Inc. (NASDAQ:MORN) Institutional Positions Chart

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