Dimensional Fund Advisors LP Has $65.41 Million Stake in Morningstar, Inc. (NASDAQ:MORN)

Dimensional Fund Advisors LP decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN – Get Rating) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 301,994 shares of the business services provider’s stock after selling 3,894 shares during the quarter. Dimensional Fund Advisors LP owned about 0.71% of Morningstar worth $65,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in shares of Morningstar during the 4th quarter worth approximately $27,000. Whittier Trust Co. grew its position in shares of Morningstar by 76.3% during the 4th quarter. Whittier Trust Co. now owns 141 shares of the business services provider’s stock worth $31,000 after buying an additional 61 shares during the period. Allworth Financial LP grew its position in shares of Morningstar by 70.5% during the 4th quarter. Allworth Financial LP now owns 150 shares of the business services provider’s stock worth $32,000 after buying an additional 62 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Morningstar in the 3rd quarter valued at $42,000. Finally, Signaturefd LLC grew its position in Morningstar by 23.9% in the 4th quarter. Signaturefd LLC now owns 566 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 54.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Morningstar in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

Morningstar Stock Performance

NASDAQ MORN opened at $197.31 on Friday. The company has a fifty day simple moving average of $194.67 and a 200 day simple moving average of $217.19. Morningstar, Inc. has a 12-month low of $163.28 and a 12-month high of $263.81. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.91. The company has a market cap of $8.40 billion, a P/E ratio of 505.94 and a beta of 1.19.

Morningstar (NASDAQ:MORN – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The business services provider reported $0.58 earnings per share (EPS) for the quarter. Morningstar had a net margin of 0.89% and a return on equity of 10.63%. The business had revenue of $475.00 million during the quarter.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 14,500 shares of Morningstar stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $207.07, for a total transaction of $3,002,515.00. Following the transaction, the chairman now directly owns 11,555,781 shares of the company’s stock, valued at approximately $2,392,855,571.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Morningstar news, Chairman Joseph D. Mansueto sold 14,500 shares of Morningstar stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $207.07, for a total transaction of $3,002,515.00. Following the transaction, the chairman now owns 11,555,781 shares of the company’s stock, valued at approximately $2,392,855,571.67. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joseph D. Mansueto sold 12,982 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $207.50, for a total value of $2,693,765.00. Following the completion of the transaction, the chairman now directly owns 11,582,699 shares of the company’s stock, valued at $2,403,410,042.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,485 shares of company stock valued at $16,699,795. 39.90% of the stock is owned by company insiders.

Morningstar Profile

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Morningstar, Inc engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.