Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Ceera Investments LLC

Ceera Investments LLC cut its holdings in shares of Morningstar, Inc. (NASDAQ:MORNFree Report) by 19.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,991 shares of the business services provider’s stock after selling 2,465 shares during the period. Morningstar comprises about 1.3% of Ceera Investments LLC’s investment portfolio, making the stock its 27th biggest holding. Ceera Investments LLC’s holdings in Morningstar were worth $2,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Morningstar by 60.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,007,748 shares of the business services provider’s stock valued at $236,055,000 after purchasing an additional 380,391 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Morningstar in the third quarter valued at $81,798,000. Bamco Inc. NY raised its holdings in Morningstar by 8.0% in the third quarter. Bamco Inc. NY now owns 1,326,608 shares of the business services provider’s stock valued at $310,745,000 after acquiring an additional 98,191 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Morningstar by 76.1% during the 3rd quarter. Principal Financial Group Inc. now owns 206,133 shares of the business services provider’s stock valued at $48,284,000 after acquiring an additional 89,099 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Morningstar by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock worth $597,981,000 after acquiring an additional 75,275 shares in the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Stock Performance

MORN stock traded up $3.36 during trading on Wednesday, hitting $300.62. 49,729 shares of the company’s stock traded hands, compared to its average volume of 121,869. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 60.73 and a beta of 1.15. Morningstar, Inc. has a 52 week low of $185.15 and a 52 week high of $316.05. The stock has a fifty day moving average price of $301.82 and a two-hundred day moving average price of $286.28. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66.

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

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Thursday, April 4th. Morningstar’s payout ratio is 32.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MORN shares. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

Read Our Latest Stock Report on Morningstar

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 3,748 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $272.65, for a total transaction of $1,021,892.20. Following the completion of the transaction, the chairman now directly owns 10,883,563 shares in the company, valued at approximately $2,967,403,451.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Joseph D. Mansueto sold 12,650 shares of Morningstar stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $298.12, for a total transaction of $3,771,218.00. Following the sale, the chairman now owns 10,859,171 shares of the company’s stock, valued at $3,237,336,058.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 3,748 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $272.65, for a total value of $1,021,892.20. Following the transaction, the chairman now owns 10,883,563 shares of the company’s stock, valued at $2,967,403,451.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,776 shares of company stock valued at $26,645,784. Insiders own 37.70% of the company’s stock.

Morningstar Company Profile

(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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