Morningstar (MORN) Sets New 12-Month High and Low at $103.81

Morningstar, Inc. (NASDAQ:MORN) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $103.81 and last traded at $102.29, with a volume of 17108 shares traded. The stock had previously closed at $102.30.

Separately, BidaskClub raised shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd.

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The stock has a market capitalization of $4,343.85, a PE ratio of 36.86 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 released its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. The company had revenue of $243.10 million during the quarter. Morningstar had a net margin of 15.02% and a return on equity of 15.64%.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, April 5th.

In related news, Director Gail S. Landis sold 1,531 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $95.46, for a total transaction 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 approximately $510,711. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 57.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MORN. The Manufacturers Life Insurance Company grew its holdings in Morningstar by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 98 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Morningstar during the 4th quarter valued at $126,000. SG Americas Securities LLC acquired a new stake in Morningstar during the 3rd quarter valued at $128,000. Advisor Group Inc. grew its holdings in Morningstar by 57.3% during the 4th quarter. Advisor Group Inc. now owns 1,449 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 528 shares in the last quarter. Finally, Atria Investments LLC acquired a new stake in Morningstar during the 4th quarter valued at $203,000. 40.68% of the stock is owned by institutional investors and hedge funds.

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About Morningstar

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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