Morningstar, Inc. (NASDAQ:MORN) CFO Jason Dubinsky Sells 3,400 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) CFO Jason Dubinsky sold 3,400 shares of the stock in a transaction on Tuesday, July 2nd. The stock was 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 of the company’s stock, valued at approximately $6,056,519.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Morningstar Trading Up 0.6 %

NASDAQ MORN opened at $299.46 on Wednesday. Morningstar, Inc. has a 12 month low of $188.97 and a 12 month high of $316.05. The stock has a market cap of $12.80 billion, a P/E ratio of 60.50 and a beta of 1.17. The stock’s fifty day moving average price is $293.18 and its 200-day moving average price is $291.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66.

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

Morningstar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. Morningstar’s dividend payout ratio is currently 32.73%.

Institutional Investors Weigh In On Morningstar

Institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP grew its stake in shares of Morningstar by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider’s stock worth $152,834,000 after acquiring an additional 5,240 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Morningstar during the first quarter valued at $20,986,000. Vanguard Group Inc. boosted its position in shares of Morningstar by 3.0% during the third quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock valued at $597,981,000 after buying an additional 75,275 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Morningstar by 45.9% during the fourth quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock valued at $145,835,000 after buying an additional 160,281 shares during the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new stake in shares of Morningstar during the fourth quarter valued at $9,133,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

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.