Two Sigma Securities LLC purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,611 shares of the business services provider’s stock, valued at approximately $253,000.
Several other large investors have also made changes to their positions in MORN. Dimensional Fund Advisors LP lifted its holdings in shares of Morningstar by 11.7% during the third quarter. Dimensional Fund Advisors LP now owns 352,135 shares of the business services provider’s stock valued at $29,928,000 after purchasing an additional 36,914 shares in the last quarter. First Trust Advisors LP bought a new position in Morningstar in the third quarter valued at about $2,975,000. Russell Investments Group Ltd. lifted its holdings in Morningstar by 30.3% in the third quarter. Russell Investments Group Ltd. now owns 127,784 shares of the business services provider’s stock valued at $10,860,000 after acquiring an additional 29,743 shares during the period. New York State Common Retirement Fund lifted its holdings in Morningstar by 12.8% in the third quarter. New York State Common Retirement Fund now owns 176,029 shares of the business services provider’s stock valued at $14,961,000 after acquiring an additional 20,000 shares during the period. Finally, Sei Investments Co. lifted its holdings in Morningstar by 26.4% in the third quarter. Sei Investments Co. now owns 62,556 shares of the business services provider’s stock valued at $5,315,000 after acquiring an additional 13,084 shares during the period. 40.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Steven N. Kaplan sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $96.91, for a total value of $242,275.00. Following the completion of the sale, the director now directly owns 42,021 shares of the company’s stock, valued at approximately $4,072,255.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gail S. Landis sold 1,531 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $95.46, for a total value of $146,149.26. Following the completion of the sale, the director now directly owns 5,350 shares of the company’s stock, valued at $510,711. The disclosure for this sale can be found here. Company insiders own 57.40% of the company’s stock.
Shares of Morningstar, Inc. (NASDAQ:MORN) opened at $97.98 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.64 and a current ratio of 1.64. Morningstar, Inc. has a 1 year low of $68.43 and a 1 year high of $103.46. The stock has a market capitalization of $4,177.99, a PE ratio of 35.49 and a beta of 0.69.
Morningstar (NASDAQ:MORN) last released its earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. Morningstar had a return on equity of 15.64% and a net margin of 15.02%. The firm had revenue of $243.10 million during the quarter.
Morningstar announced that its Board of Directors has initiated a share buyback program on Friday, December 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, April 5th. Morningstar’s dividend payout ratio is presently 31.35%.
Separately, BidaskClub cut Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th.
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Morningstar Company 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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