Morningstar, Inc. (NASDAQ:MORN) Director Sells $237,360.00 in Stock

Morningstar, Inc. (NASDAQ:MORN) Director William M. Lyons sold 750 shares of Morningstar stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $316.48, for a total value of $237,360.00. Following the completion of the transaction, the director now directly owns 13,590 shares of the company’s stock, valued at $4,300,963.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Morningstar Trading Up 0.6 %

Shares of MORN stock traded up $1.85 during mid-day trading on Monday, hitting $319.12. The company’s stock had a trading volume of 92,647 shares, compared to its average volume of 113,673. The company’s fifty day simple moving average is $312.80 and its 200-day simple moving average is $303.39. Morningstar, Inc. has a 52 week low of $219.45 and a 52 week high of $330.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $13.64 billion, a PE ratio of 64.09 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The business had revenue of $571.90 million during the quarter.

Morningstar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, October 4th. Morningstar’s payout ratio is 32.73%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th.

Hedge Funds Weigh In On Morningstar

A number of hedge funds have recently added to or reduced their stakes in MORN. PNC Financial Services Group Inc. boosted its stake in Morningstar by 26.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,222 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 257 shares during the last quarter. Stifel Financial Corp boosted its stake in Morningstar by 0.7% during the 4th quarter. Stifel Financial Corp now owns 18,225 shares of the business services provider’s stock valued at $5,217,000 after purchasing an additional 126 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Morningstar by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 11,402 shares of the business services provider’s stock valued at $3,264,000 after purchasing an additional 110 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Morningstar during the 4th quarter valued at about $2,447,000. Finally, KBC Group NV acquired a new position in Morningstar during the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

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.