Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Director Steven N. Kaplan sold 1,250 shares of the firm's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $298.13, for a total value of $372,662.50. Following the completion of the transaction, the director now owns 43,177 shares in the company, valued at $12,872,359.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Morningstar Price Performance
MORN stock opened at $296.40 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. Morningstar, Inc. has a 1 year low of $185.15 and a 1 year high of $316.05. The firm has a market cap of $12.67 billion, a P/E ratio of 59.88 and a beta of 1.15. The stock has a 50-day simple moving average of $302.11 and a 200-day simple moving average of $285.54.
Morningstar (NASDAQ:MORN - Get Free Report) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%. The business had revenue of $542.80 million during the quarter.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $0.405 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.55%. Morningstar's dividend payout ratio (DPR) is currently 32.73%.
Institutional Investors Weigh In On Morningstar
A number of large investors have recently modified their holdings of MORN. Principal Securities Inc. acquired a new stake in Morningstar during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new stake in Morningstar during the 4th quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd acquired a new stake in Morningstar during the 3rd quarter valued at approximately $42,000. Fifth Third Bancorp grew its stake in Morningstar by 55.2% during the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider's stock valued at $45,000 after purchasing an additional 69 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in Morningstar during the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 57.02% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MORN. TheStreet upgraded Morningstar from a "c" rating to a "b" rating in a report on Friday, February 23rd. StockNews.com upgraded Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 29th.
View Our Latest Analysis on MORN
Morningstar Company Profile
(
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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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