Morningstar, Inc. (NASDAQ:MORN) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP lifted its stake in Morningstar, Inc. (NASDAQ:MORN) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 562,099 shares of the business services provider’s stock after purchasing an additional 28,164 shares during the quarter. Wasatch Advisors LP owned about 1.32% of Morningstar worth $173,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MORN. Confluence Investment Management LLC acquired a new stake in shares of Morningstar in the 1st quarter worth $20,986,000. Vanguard Group Inc. raised its stake in Morningstar by 3.0% during the third quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock worth $597,981,000 after purchasing an additional 75,275 shares during the period. Wellington Management Group LLP boosted its holdings in Morningstar by 45.9% in the 4th quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock valued at $145,835,000 after purchasing an additional 160,281 shares during the last quarter. Barlow Wealth Partners Inc. purchased a new stake in shares of Morningstar in the 4th quarter valued at approximately $9,133,000. Finally, Congress Asset Management Co. MA acquired a new stake in shares of Morningstar during the 1st quarter worth approximately $9,062,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling at Morningstar

In other news, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the transaction, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Caroline J. Tsay sold 290 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $296.98, for a total value of $86,124.20. Following the sale, the director now owns 3,925 shares in the company, valued at approximately $1,165,646.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $289.22, for a total value of $2,620,911.64. Following the transaction, the chairman now directly owns 10,648,928 shares in the company, valued at approximately $3,079,882,956.16. The disclosure for this sale can be found here. Insiders sold a total of 77,952 shares of company stock worth $23,001,340 over the last three months. Insiders own 37.70% of the company’s stock.

Morningstar Trading Up 0.6 %

MORN traded up $1.75 during trading hours on Tuesday, reaching $299.46. The company’s stock had a trading volume of 173,731 shares, compared to its average volume of 119,285. The stock has a market cap of $12.80 billion, a PE ratio of 60.50 and a beta of 1.17. Morningstar, Inc. has a fifty-two week low of $188.97 and a fifty-two week high of $316.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $293.18 and its 200-day moving average is $291.47.

Morningstar (NASDAQ:MORN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. The company had revenue of $542.80 million for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.54%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Morningstar Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.