Cubist Systematic Strategies LLC Has $475,000 Holdings in Morningstar, Inc. (NASDAQ:MORN)

Cubist Systematic Strategies LLC trimmed its holdings in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 93.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,606 shares of the business services provider's stock after selling 23,597 shares during the period. Cubist Systematic Strategies LLC's holdings in Morningstar were worth $475,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MORN. Versant Capital Management Inc grew its position in Morningstar by 21.9% during the second quarter. Versant Capital Management Inc now owns 245 shares of the business services provider's stock valued at $72,000 after purchasing an additional 44 shares in the last quarter. Legacy Advisors LLC lifted its position in shares of Morningstar by 1.6% during the 2nd quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider's stock worth $895,000 after purchasing an additional 49 shares during the last quarter. GAMMA Investing LLC grew its holdings in Morningstar by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider's stock valued at $54,000 after buying an additional 51 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in Morningstar by 7.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider's stock valued at $223,000 after purchasing an additional 51 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Morningstar by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 196 shares of the business services provider's stock valued at $58,000 after buying an additional 54 shares during the period. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Morningstar

In other news, CRO Daniel Joseph Dunn sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $320.89, for a total transaction of $513,424.00. Following the transaction, the executive now directly owns 12,967 shares in the company, valued at approximately $4,160,980.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Morningstar news, Chairman Joseph D. Mansueto sold 1,144 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $317.03, for a total value of $362,682.32. Following the transaction, the chairman now directly owns 10,640,768 shares of the company's stock, valued at approximately $3,373,442,679.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Daniel Joseph Dunn sold 1,600 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total value of $513,424.00. Following the completion of the transaction, the executive now owns 12,967 shares in the company, valued at $4,160,980.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,541 shares of company stock worth $18,399,192. Insiders own 39.90% of the company's stock.

Morningstar Price Performance

Shares of MORN traded up $2.19 during mid-day trading on Friday, reaching $318.96. The company had a trading volume of 92,270 shares, compared to its average volume of 113,949. The company's 50-day moving average is $313.16 and its 200-day moving average is $303.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $13.63 billion, a P/E ratio of 64.44 and a beta of 1.19. Morningstar, Inc. has a twelve month low of $219.45 and a twelve month high of $330.22.

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

Morningstar Dividend Announcement

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

Morningstar 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.