Sei Investments Co. Increases Stake in Morningstar, Inc. (NASDAQ:MORN)

Sei Investments Co. raised its position in Morningstar, Inc. (NASDAQ:MORN) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 126,932 shares of the business services provider’s stock after purchasing an additional 3,482 shares during the period. Sei Investments Co.’s holdings in Morningstar were worth $39,143,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MORN. Principal Securities Inc. purchased a new position in shares of Morningstar during the 4th quarter worth $29,000. GAMMA Investing LLC purchased a new position in shares of Morningstar during the 4th quarter worth $35,000. CVA Family Office LLC purchased a new position in shares of Morningstar during the 4th quarter worth $65,000. Fifth Third Bancorp raised its holdings in shares of Morningstar by 19.6% during the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after acquiring an additional 38 shares during the period. Finally, CWM LLC raised its holdings in shares of Morningstar by 14.1% during the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling

In other Morningstar news, Chairman Joseph D. Mansueto sold 134 shares of Morningstar stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $300.43, for a total value of $40,257.62. Following the completion of the transaction, the chairman now directly owns 10,726,348 shares of the company’s stock, valued at approximately $3,222,516,729.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $289.07, for a total value of $216,802.50. Following the completion of the transaction, the director now owns 16,590 shares in the company, valued at approximately $4,795,671.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 134 shares of Morningstar stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $300.43, for a total value of $40,257.62. Following the completion of the transaction, the chairman now owns 10,726,348 shares of the company’s stock, valued at approximately $3,222,516,729.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,952 shares of company stock valued at $23,001,340. 39.90% of the stock is currently owned by insiders.

Morningstar Stock Performance

Shares of NASDAQ MORN remained flat at $305.55 during trading on Monday. The stock had a trading volume of 66,880 shares, compared to its average volume of 117,894. The company’s 50-day moving average is $294.90 and its two-hundred day moving average is $292.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 61.73 and a beta of 1.17. Morningstar, Inc. has a fifty-two week low of $205.19 and a fifty-two week high of $316.05.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $542.80 million during the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, July 12th. Morningstar’s payout ratio is 32.73%.

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.