Sei Investments Co. Acquires 1,084 Shares of Morningstar, Inc. (NASDAQ:MORN)

Sei Investments Co. grew its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,016 shares of the business services provider’s stock after buying an additional 1,084 shares during the quarter. Sei Investments Co. owned 0.30% of Morningstar worth $37,874,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MORN. Principal Securities Inc. bought a new stake in shares of Morningstar in the 4th quarter valued at approximately $29,000. Blue Trust Inc. raised its holdings in Morningstar by 326.9% during the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after buying an additional 85 shares during the period. Crewe Advisors LLC bought a new stake in Morningstar in the second quarter worth $35,000. DT Investment Partners LLC purchased a new position in Morningstar during the second quarter worth $36,000. Finally, Acadian Asset Management LLC increased its position in Morningstar by 73.8% during the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Trading Up 1.0 %

Shares of NASDAQ MORN opened at $323.74 on Tuesday. Morningstar, Inc. has a fifty-two week low of $219.45 and a fifty-two week high of $330.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 65.40 and a beta of 1.18. The business’s 50 day moving average price is $312.18 and its 200-day moving average price is $303.13.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share for the quarter. The business had revenue of $571.90 million during the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.50%. Morningstar’s dividend payout ratio is currently 32.73%.

Analyst Ratings Changes

Separately, BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 price target on shares of Morningstar in a research note on Wednesday, August 28th.

Insider Activity

In related news, Director William M. Lyons sold 750 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.21, for a total value of $220,657.50. Following the transaction, the director now owns 15,840 shares of the company’s stock, valued at $4,660,286.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Joseph D. Mansueto sold 721 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $312.94, for a total value of $225,629.74. Following the completion of the sale, the chairman now owns 10,532,253 shares in the company, valued at approximately $3,295,963,253.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William M. Lyons sold 750 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $294.21, for a total transaction of $220,657.50. Following the transaction, the director now owns 15,840 shares in the company, valued at $4,660,286.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,941 shares of company stock valued at $19,402,863. Corporate insiders own 39.90% of the company’s stock.

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.