Morningstar, Inc. (NASDAQ:MORN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in Morningstar, Inc. (NASDAQ:MORNFree Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,069 shares of the business services provider’s stock after selling 1,229 shares during the quarter. California State Teachers Retirement System owned about 0.06% of Morningstar worth $7,748,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in Morningstar by 19.6% in the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after purchasing an additional 38 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Morningstar by 4.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 40 shares during the last quarter. CWM LLC lifted its holdings in Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 40 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in Morningstar by 2.0% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,541 shares of the business services provider’s stock valued at $727,000 after acquiring an additional 51 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Morningstar by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 11,292 shares of the business services provider’s stock valued at $2,645,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $289.22, for a total value of $2,620,911.64. Following the transaction, the chairman now owns 10,648,928 shares in the company, valued at approximately $3,079,882,956.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Joseph D. Mansueto sold 8,325 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $286.72, for a total value of $2,386,944.00. Following the transaction, the chairman now owns 10,758,587 shares in the company, valued at approximately $3,084,702,064.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $289.22, for a total value of $2,620,911.64. Following the completion of the transaction, the chairman now owns 10,648,928 shares in the company, valued at approximately $3,079,882,956.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,512 shares of company stock worth $21,674,184. Company insiders own 39.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

Read Our Latest Report on Morningstar

Morningstar Price Performance

NASDAQ MORN opened at $287.89 on Monday. The stock’s 50-day moving average price is $297.42 and its two-hundred day moving average price is $290.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. The company has a market cap of $12.31 billion, a PE ratio of 58.16 and a beta of 1.16. Morningstar, Inc. has a 1 year low of $185.15 and a 1 year high of $316.05.

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

Morningstar Announces Dividend

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

About Morningstar

(Free Report)

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.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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