Morningstar, Inc. (NASDAQ:MORN) Stock Holdings Lowered by Parallel Advisors LLC

Parallel Advisors LLC decreased its position in Morningstar, Inc. (NASDAQ:MORN) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,237 shares of the business services provider’s stock after selling 38 shares during the period. Parallel Advisors LLC’s holdings in Morningstar were worth $417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in Morningstar by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider’s stock worth $1,895,000 after buying an additional 37 shares in the last quarter. Versant Capital Management Inc grew its holdings in Morningstar by 15.9% in the 4th quarter. Versant Capital Management Inc now owns 285 shares of the business services provider’s stock worth $96,000 after buying an additional 39 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Morningstar by 3.4% in the third quarter. CIBC Asset Management Inc now owns 1,259 shares of the business services provider’s stock worth $402,000 after purchasing an additional 41 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock worth $47,000 after purchasing an additional 46 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV grew its stake in shares of Morningstar by 2.2% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,254 shares of the business services provider’s stock worth $719,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MORN. StockNews.com lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. BMO Capital Markets decreased their price objective 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.

Morningstar Price Performance

NASDAQ:MORN opened at $298.12 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $315.72 and its 200 day moving average price is $327.99. Morningstar, Inc. has a 52-week low of $278.64 and a 52-week high of $365.00. The firm has a market cap of $12.77 billion, a P/E ratio of 39.38 and a beta of 1.23.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.15. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $591.00 million for 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. Stockholders of record on Friday, April 4th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 0.61%. Morningstar’s dividend payout ratio (DPR) is currently 21.24%.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction on 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 completion of the transaction, the chairman now owns 10,038,270 shares in the company, valued at $2,833,301,707.50. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 59,544 shares of company stock worth $18,770,097 in the last three months. 39.90% of the stock is currently owned by insiders.

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.