California Public Employees Retirement System Sells 11,025 Shares of Morningstar, Inc. (NASDAQ:MORN)

California Public Employees Retirement System decreased its position in Morningstar, Inc. (NASDAQ:MORN) by 21.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 39,891 shares of the business services provider’s stock after selling 11,025 shares during the quarter. California Public Employees Retirement System’s holdings in Morningstar were worth $11,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MORN. Vanguard Group Inc. boosted its position in shares of Morningstar by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock worth $597,981,000 after purchasing an additional 75,275 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Morningstar by 31.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 285,398 shares of the business services provider’s stock worth $81,693,000 after acquiring an additional 68,574 shares in the last quarter. Morgan Stanley increased its holdings in shares of Morningstar by 1.0% during the third quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider’s stock valued at $458,481,000 after acquiring an additional 19,119 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Morningstar during the third quarter valued at $3,961,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Morningstar by 74.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 50,000 shares of the business services provider’s stock worth $11,712,000 after purchasing an additional 21,314 shares in the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

MORN has been the subject of a number of analyst reports. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd.

Morningstar Price Performance

Shares of NASDAQ:MORN opened at $287.34 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.98. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 58.05 and a beta of 1.15. The business has a 50-day simple moving average of $301.80 and a two-hundred day simple moving average of $281.73. Morningstar, Inc. has a fifty-two week low of $178.81 and a fifty-two week high of $316.05.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The firm had revenue of $542.80 million during the quarter.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s payout ratio is currently 32.73%.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 12,650 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $298.12, for a total value of $3,771,218.00. Following the transaction, the chairman now directly owns 10,859,171 shares of the company’s stock, valued at $3,237,336,058.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 12,650 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $298.12, for a total value of $3,771,218.00. Following the transaction, the chairman now directly owns 10,859,171 shares in the company, valued at $3,237,336,058.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joseph D. Mansueto sold 4,675 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $311.07, for a total value of $1,454,252.25. Following the completion of the sale, the chairman now owns 10,776,823 shares of the company’s stock, valued at $3,352,346,330.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,618 shares of company stock worth $25,798,460. 37.70% of the stock is owned by insiders.

Morningstar 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.