William M. Lyons Sells 750 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Director William M. Lyons sold 750 shares of Morningstar stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total value of $248,910.00. Following the completion of the sale, the director now directly owns 12,840 shares of the company’s stock, valued at approximately $4,261,339.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Morningstar Stock Performance

Shares of MORN traded down $3.11 during trading hours on Wednesday, hitting $330.21. The stock had a trading volume of 151,314 shares, compared to its average volume of 115,385. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. Morningstar, Inc. has a 12 month low of $247.16 and a 12 month high of $349.07. The firm has a market capitalization of $14.12 billion, a PE ratio of 67.34 and a beta of 1.19. The stock has a fifty day moving average price of $322.12 and a 200 day moving average price of $307.46.

Morningstar (NASDAQ:MORNGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.01). Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The firm had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, October 4th. This represents a $1.62 annualized dividend and a yield of 0.49%. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Analyst Ratings Changes

MORN has been the subject of a number of research analyst reports. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a report on Wednesday, October 9th. BMO Capital Markets reissued an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. Finally, UBS Group initiated coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $360.67.

Read Our Latest Analysis on MORN

Hedge Funds Weigh In On Morningstar

Several institutional investors and hedge funds have recently bought and sold shares of MORN. V Square Quantitative Management LLC purchased a new position in Morningstar during the third quarter valued at $30,000. Blue Trust Inc. lifted its position in Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 85 shares in the last quarter. Crewe Advisors LLC purchased a new position in Morningstar during the second quarter valued at $35,000. DT Investment Partners LLC purchased a new position in Morningstar during the second quarter valued at $36,000. Finally, Acadian Asset Management LLC lifted its position in Morningstar by 73.8% during the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 62 shares in the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

About Morningstar

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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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