Morningstar, Inc. (NASDAQ:MORN) Position Boosted by Wasatch Advisors LP

Wasatch Advisors LP lifted its stake in Morningstar, Inc. (NASDAQ:MORN) by 5.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 562,099 shares of the business services provider’s stock after purchasing an additional 28,164 shares during the quarter. Wasatch Advisors LP’s holdings in Morningstar were worth $173,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MORN. State of Michigan Retirement System grew its stake in Morningstar by 3.2% in the first quarter. State of Michigan Retirement System now owns 6,400 shares of the business services provider’s stock valued at $1,974,000 after purchasing an additional 200 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Morningstar by 2.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 291,490 shares of the business services provider’s stock valued at $89,887,000 after buying an additional 6,092 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Morningstar by 9.8% in the 1st quarter. Cardinal Capital Management now owns 11,740 shares of the business services provider’s stock valued at $3,620,000 after buying an additional 1,047 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in Morningstar by 7.4% in the first quarter. Wallace Advisory Group LLC now owns 1,196 shares of the business services provider’s stock worth $342,000 after buying an additional 82 shares during the last quarter. Finally, Congress Asset Management Co. MA bought a new position in Morningstar during the first quarter valued at approximately $9,062,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason Dubinsky sold 3,400 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the completion of the sale, the chief financial officer now directly owns 20,181 shares in the company, valued at $6,056,519.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction dated 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 transaction, the chief financial officer now directly owns 20,181 shares in the company, valued at $6,056,519.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Lyons sold 750 shares of the business’s stock in a transaction dated 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 directly owns 15,840 shares of the company’s stock, valued at approximately $4,660,286.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,952 shares of company stock valued at $23,001,340. Insiders own 37.70% of the company’s stock.

Morningstar Stock Up 0.6 %

NASDAQ MORN traded up $1.75 during trading on Tuesday, reaching $299.46. The company’s stock had a trading volume of 173,731 shares, compared to its average volume of 119,285. The business has a 50-day moving average price of $293.18 and a 200-day moving average price of $291.47. Morningstar, Inc. has a 1-year low of $188.97 and a 1-year high of $316.05. The stock has a market capitalization of $12.80 billion, a PE ratio of 60.50 and a beta of 1.17. 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 quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The business had revenue of $542.80 million during the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, July 12th. This represents a $1.62 annualized dividend and a dividend yield of 0.54%. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

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.