Morningstar (NASDAQ:MORN) Posts Earnings Results

Morningstar (NASDAQ:MORN) announced its quarterly earnings results on Wednesday. The business services provider reported $2.01 earnings per share for the quarter, Zacks reports. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The business had revenue of $571.90 million during the quarter.

Morningstar Trading Up 6.5 %

Shares of MORN traded up $19.78 during trading on Thursday, reaching $324.78. 160,966 shares of the company traded hands, compared to its average volume of 118,372. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The stock has a market cap of $13.88 billion, a PE ratio of 65.72 and a beta of 1.17. The stock has a 50-day simple moving average of $296.55 and a 200-day simple moving average of $293.92. Morningstar has a twelve month low of $213.38 and a twelve month high of $330.22.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio is presently 32.73%.

Insider Activity at Morningstar

In related news, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the completion of the transaction, the chief financial officer now owns 20,181 shares in the company, valued at $6,056,519.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the completion of the transaction, the chief financial officer now owns 20,181 shares in the company, valued at $6,056,519.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $289.22, for a total transaction of $2,620,911.64. Following the completion of the transaction, the chairman now owns 10,648,928 shares of the company’s stock, valued at approximately $3,079,882,956.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,952 shares of company stock worth $23,001,340. Corporate insiders own 39.90% of the company’s stock.

About Morningstar

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.