Morningstar, Inc. (NASDAQ:MORN) Director Caroline J. Tsay Sells 290 Shares

Morningstar, Inc. (NASDAQ:MORN) Director Caroline J. Tsay sold 290 shares of the stock in a transaction 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 completion of the sale, the director now owns 3,925 shares of the company’s stock, valued at $1,165,646.50. The sale was disclosed in a filing with the SEC, which is available at this link.

Morningstar Trading Down 1.5 %

MORN opened at $294.91 on Thursday. The firm has a market capitalization of $12.61 billion, a P/E ratio of 59.58 and a beta of 1.16. The firm’s 50 day moving average is $293.31 and its 200-day moving average is $290.92. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. Morningstar, Inc. has a 52-week low of $185.15 and a 52-week high of $316.05.

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

Morningstar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio is currently 32.73%.

Institutional Investors Weigh In On Morningstar

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in shares of Morningstar during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC bought a new position in Morningstar during the 4th quarter valued at $35,000. CVA Family Office LLC acquired a new position in Morningstar during the 4th quarter worth $65,000. Fifth Third Bancorp increased its position in shares of Morningstar by 19.6% in the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after purchasing an additional 38 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Morningstar in the 1st quarter valued at about $66,000. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

Morningstar Company 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.