Morningstar (MORN) Reaches New 1-Year High and Low at $111.91

Morningstar, Inc. (NASDAQ:MORN) reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $111.91 and last traded at $111.20, with a volume of 784 shares trading hands. The stock had previously closed at $111.35.

Separately, BidaskClub lowered shares of Morningstar from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th.

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The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.65 billion, a PE ratio of 35.64 and a beta of 0.66.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. Morningstar had a net margin of 17.00% and a return on equity of 16.54%. The business had revenue of $243.10 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%.

In other Morningstar news, insider Joseph D. Mansueto sold 20,909 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $107.48, for a total value of $2,247,299.32. Following the transaction, the insider now owns 23,771,512 shares in the company, valued at approximately $2,554,962,109.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Joseph D. Mansueto sold 12,214 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $108.79, for a total transaction of $1,328,761.06. Following the completion of the transaction, the chairman now owns 23,794,095 shares in the company, valued at approximately $2,588,559,595.05. The disclosure for this sale can be found here. Insiders have sold 56,725 shares of company stock worth $6,124,859 in the last 90 days. 57.50% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Golden Gate Private Equity Inc. increased its stake in Morningstar by 6.2% in the 4th quarter. Golden Gate Private Equity Inc. now owns 68,300 shares of the business services provider’s stock valued at $6,623,000 after buying an additional 4,000 shares during the period. Teachers Advisors LLC increased its stake in Morningstar by 2.5% in the 4th quarter. Teachers Advisors LLC now owns 37,907 shares of the business services provider’s stock valued at $3,676,000 after buying an additional 908 shares during the period. Yorktown Management & Research Co Inc acquired a new position in Morningstar in the 4th quarter valued at approximately $735,000. Advisory Services Network LLC increased its stake in Morningstar by 3,455.7% in the 4th quarter. Advisory Services Network LLC now owns 2,809 shares of the business services provider’s stock valued at $272,000 after buying an additional 2,730 shares during the period. Finally, California Public Employees Retirement System increased its stake in Morningstar by 3.5% in the 3rd quarter. California Public Employees Retirement System now owns 49,571 shares of the business services provider’s stock valued at $4,213,000 after buying an additional 1,671 shares during the period. Hedge funds and other institutional investors own 40.74% of the company’s stock.

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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