3,001 Shares in Morningstar, Inc. (NASDAQ:MORN) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,001 shares of the business services provider's stock, valued at approximately $1,011,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MORN. FMR LLC grew its position in Morningstar by 10.9% in the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider's stock worth $127,814,000 after purchasing an additional 39,263 shares during the last quarter. BNP Paribas Financial Markets increased its position in Morningstar by 16.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,983 shares of the business services provider's stock valued at $1,909,000 after acquiring an additional 866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Morningstar by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,679 shares of the business services provider's stock valued at $28,299,000 after buying an additional 6,205 shares in the last quarter. Walleye Capital LLC acquired a new stake in Morningstar in the 3rd quarter valued at about $301,000. Finally, Captrust Financial Advisors increased its holdings in shares of Morningstar by 10.3% in the third quarter. Captrust Financial Advisors now owns 3,371 shares of the business services provider's stock valued at $1,076,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company's stock.

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Insiders Place Their Bets

In related news, Chairman Joseph D. Mansueto sold 3,635 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total transaction of $1,182,974.40. Following the completion of the transaction, the chairman now owns 10,142,694 shares of the company's stock, valued at approximately $3,300,838,335.36. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 59,544 shares of company stock valued at $18,770,097 over the last quarter. Insiders own 39.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MORN. BMO Capital Markets decreased their target price on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. StockNews.com upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Thursday.

Morningstar Stock Down 4.9 %

Shares of NASDAQ MORN traded down $13.19 during mid-day trading on Monday, reaching $255.58. The company had a trading volume of 162,501 shares, compared to its average volume of 128,945. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar, Inc. has a twelve month low of $253.35 and a twelve month high of $365.00. The stock's 50 day moving average is $309.72 and its 200-day moving average is $327.24. The stock has a market capitalization of $10.95 billion, a PE ratio of 34.02 and a beta of 1.16.

Morningstar (NASDAQ:MORN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.15. The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.455 per share. This is a positive change from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, April 4th. Morningstar's dividend payout ratio (DPR) is 21.24%.

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.