Stanley Laman Group Ltd. bought a new position in shares of Morningstar, Inc. (NASDAQ:MORN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,872 shares of the business services provider’s stock, valued at approximately $271,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Morningstar by 26.5% during the 1st quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock worth $195,833,000 after purchasing an additional 325,848 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Morningstar by 5.3% during the 1st quarter. JPMorgan Chase & Co. now owns 669,927 shares of the business services provider’s stock worth $84,405,000 after purchasing an additional 33,458 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Morningstar by 34.3% during the 1st quarter. Mawer Investment Management Ltd. now owns 387,300 shares of the business services provider’s stock worth $48,796,000 after purchasing an additional 98,900 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Morningstar by 9.7% during the 1st quarter. Eagle Asset Management Inc. now owns 298,271 shares of the business services provider’s stock worth $37,579,000 after purchasing an additional 26,470 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Morningstar by 3.8% in the first quarter. Champlain Investment Partners LLC now owns 289,765 shares of the business services provider’s stock valued at $36,507,000 after buying an additional 10,560 shares in the last quarter. 42.67% of the stock is currently owned by institutional investors.
In other news, Chairman Joseph D. Mansueto sold 10,108 shares of Morningstar stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $134.23, for a total transaction of $1,356,796.84. Following the sale, the chairman now directly owns 22,084,141 shares of the company’s stock, valued at $2,964,354,246.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph D. Mansueto sold 27,316 shares of Morningstar stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $140.85, for a total value of $3,847,458.60. Following the sale, the insider now directly owns 21,981,540 shares in the company, valued at $3,096,099,909. The disclosure for this sale can be found here. Insiders sold 402,967 shares of company stock worth $58,083,423 over the last ninety days. 54.10% of the stock is currently owned by insiders.
Separately, BidaskClub raised Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.
NASDAQ:MORN traded up $2.53 during trading hours on Thursday, hitting $156.10. The company’s stock had a trading volume of 444 shares, compared to its average volume of 77,918. The stock has a fifty day simple moving average of $150.90. The stock has a market capitalization of $6.53 billion, a P/E ratio of 39.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $157.96.
Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.98 earnings per share for the quarter. The business had revenue of $273.90 million for the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, July 3rd.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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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