Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Director Sells 750 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Director William M. Lyons sold 750 shares of Morningstar stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $311.60, for a total value of $233,700.00. Following the sale, the director now directly owns 14,340 shares of the company’s stock, valued at approximately $4,468,344. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Morningstar Stock Up 0.2 %

NASDAQ:MORN opened at $313.27 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average price is $308.24 and its 200-day moving average price is $301.19. Morningstar, Inc. has a 1-year low of $219.45 and a 1-year high of $330.22. The firm has a market capitalization of $13.39 billion, a P/E ratio of 63.29 and a beta of 1.17.

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

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, July 12th. Morningstar’s payout ratio is presently 32.73%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Morningstar

A number of hedge funds and other institutional investors have recently made changes to their positions in MORN. CWM LLC boosted its holdings in Morningstar by 14.1% during the fourth quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after buying an additional 40 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Morningstar by 21.9% in the second quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock worth $72,000 after acquiring an additional 44 shares during the period. Legacy Advisors LLC boosted its stake in shares of Morningstar by 1.6% during the 2nd quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock worth $895,000 after acquiring an additional 49 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Morningstar by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares during the period. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Morningstar by 7.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

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.