Morningstar, Inc. (NASDAQ:MORN) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 228.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,811 shares of the business services provider's stock after buying an additional 3,346 shares during the quarter. Fox Run Management L.L.C.'s holdings in Morningstar were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MORN. Smartleaf Asset Management LLC grew its holdings in Morningstar by 178.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock valued at $26,000 after buying an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in Morningstar during the fourth quarter valued at $28,000. R Squared Ltd bought a new position in Morningstar during the fourth quarter valued at $40,000. V Square Quantitative Management LLC grew its stake in shares of Morningstar by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock worth $47,000 after buying an additional 46 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Morningstar in the 3rd quarter worth about $58,000. Institutional investors own 57.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MORN shares. BMO Capital Markets lowered their price target 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 lowered Morningstar from a "buy" rating to a "hold" rating in a report on Monday, March 17th.

Remove Ads

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total value of $2,557,749.50. Following the transaction, the chairman now directly owns 10,038,270 shares of the company's stock, valued at approximately $2,833,301,707.50. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 59,544 shares of company stock worth $18,770,097. 39.90% of the stock is owned by corporate insiders.

Morningstar Trading Up 0.5 %

MORN traded up $1.50 during trading on Tuesday, hitting $305.13. 45,092 shares of the stock were exchanged, compared to its average volume of 117,939. Morningstar, Inc. has a 1 year low of $278.64 and a 1 year high of $365.00. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 40.36 and a beta of 1.23. The firm has a 50 day simple moving average of $315.40 and a 200 day simple moving average of $328.14. 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 (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The firm had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million.

Morningstar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.82 dividend on an annualized basis and a yield of 0.60%. This is an increase from Morningstar's previous quarterly dividend of $0.41. Morningstar's dividend payout ratio (DPR) is presently 21.24%.

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.