Two Sigma Securities LLC bought a new position in shares of Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,611 shares of the business services provider’s stock, valued at approximately $253,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MORN. The Manufacturers Life Insurance Company lifted its stake in Morningstar by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after purchasing an additional 98 shares during the last quarter. First Trust Advisors LP bought a new stake in Morningstar during the third quarter worth $2,975,000. Principal Financial Group Inc. bought a new stake in Morningstar during the third quarter worth $219,000. Sei Investments Co. lifted its stake in Morningstar by 26.4% during the third quarter. Sei Investments Co. now owns 62,556 shares of the business services provider’s stock worth $5,315,000 after purchasing an additional 13,084 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Morningstar by 12.8% during the third quarter. New York State Common Retirement Fund now owns 176,029 shares of the business services provider’s stock worth $14,961,000 after purchasing an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 40.72% of the company’s stock.
Separately, BidaskClub cut Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th.
In other news, Director Gail S. Landis sold 1,531 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $95.46, for a total value of $146,149.26. Following the completion of the transaction, the director now directly owns 5,350 shares in the company, valued at approximately $510,711. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 57.40% of the stock is currently owned by corporate insiders.
Shares of MORN traded down $1.23 during trading hours on Friday, reaching $96.15. The stock had a trading volume of 68,867 shares, compared to its average volume of 44,806. Morningstar, Inc. has a 12 month low of $68.43 and a 12 month high of $103.46. The stock has a market capitalization of $4,086.18, a price-to-earnings ratio of 34.71 and a beta of 0.66. 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 (NASDAQ:MORN) last announced its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.91 EPS for the quarter. Morningstar had a return on equity of 15.64% and a net margin of 15.02%. The company had revenue of $243.10 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, April 5th.
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Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. 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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