Morningstar (MORN) to Release Earnings on Wednesday

Morningstar (NASDAQ:MORN) will be announcing its earnings results after the market closes on Wednesday, April 24th.

Morningstar (NASDAQ:MORN) last posted its earnings results on Thursday, February 22nd. The business services provider reported $1.97 earnings per share for the quarter. The firm had revenue of $538.70 million for the quarter. Morningstar had a return on equity of 18.54% and a net margin of 6.92%.

Morningstar Stock Performance

MORN stock opened at $297.01 on Wednesday. The business’s 50-day moving average price is $298.27 and its two-hundred day moving average price is $277.27. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market cap of $12.69 billion, a PE ratio of 90.55 and a beta of 1.15. Morningstar has a 1-year low of $163.28 and a 1-year high of $316.05.

Morningstar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.405 per share. The ex-dividend date is Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.55%. Morningstar’s dividend payout ratio is presently 49.39%.

Insider Activity

In related news, Chairman Joseph D. Mansueto sold 7,470 shares of Morningstar stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $277.23, for a total value of $2,070,908.10. Following the sale, the chairman now owns 10,927,151 shares of the company’s stock, valued at $3,029,334,071.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Steven N. Kaplan sold 1,250 shares of Morningstar stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $306.81, for a total value of $383,512.50. Following the sale, the director now owns 44,427 shares of the company’s stock, valued at $13,630,647.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 7,470 shares of Morningstar stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total value of $2,070,908.10. Following the completion of the sale, the chairman now directly owns 10,927,151 shares in the company, valued at approximately $3,029,334,071.73. The disclosure for this sale can be found here. Insiders have sold a total of 95,544 shares of company stock worth $27,733,515 over the last three months. Corporate insiders own 37.70% of the company’s stock.

Hedge Funds Weigh In On Morningstar

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. increased its position in Morningstar by 7,500.0% during the fourth quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider’s stock worth $33,000 after buying an additional 150 shares during the last quarter. O Dell Group LLC acquired a new position in Morningstar during the fourth quarter worth approximately $48,000. Steward Partners Investment Advisory LLC increased its position in Morningstar by 52.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 166 shares of the business services provider’s stock worth $48,000 after buying an additional 57 shares during the last quarter. Dark Forest Capital Management LP grew its position in shares of Morningstar by 9,100.0% in the first quarter. Dark Forest Capital Management LP now owns 276 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 273 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Morningstar in the second quarter valued at approximately $95,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MORN shares. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd.

About Morningstar

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.