Roberts Glore & Co. Inc. IL Purchases Shares of 610 Morningstar, Inc. (NASDAQ:MORN)

Roberts Glore & Co. Inc. IL purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 610 shares of the business services provider’s stock, valued at approximately $205,000.

Several other hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its holdings in Morningstar by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider’s stock valued at $1,895,000 after purchasing an additional 37 shares during the period. Versant Capital Management Inc boosted its stake in shares of Morningstar by 15.9% in the fourth quarter. Versant Capital Management Inc now owns 285 shares of the business services provider’s stock worth $96,000 after acquiring an additional 39 shares during the period. CIBC Asset Management Inc boosted 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 acquiring an additional 41 shares during the period. V Square Quantitative Management LLC boosted 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 acquiring an additional 46 shares during the period. Finally, Planning Alternatives Ltd. ADV boosted 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 acquiring an additional 49 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling at Morningstar

In other news, CFO Jason Dubinsky sold 3,223 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $352.88, for a total value of $1,137,332.24. Following the sale, the chief financial officer now directly owns 17,304 shares in the company, valued at approximately $6,106,235.52. This represents a 15.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 1,280 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $320.57, for a total value of $410,329.60. Following the completion of the sale, the chairman now owns 10,130,378 shares in the company, valued at approximately $3,247,495,275.46. The trade was a 0.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,703 shares of company stock worth $17,349,106 over the last ninety days. Company insiders own 39.90% of the company’s stock.

Analyst Ratings Changes

MORN has been the subject of a number of recent analyst reports. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets decreased their target price on Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

Morningstar Price Performance

NASDAQ:MORN opened at $290.65 on Monday. Morningstar, Inc. has a 12 month low of $281.37 and a 12 month high of $365.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average is $323.48 and its 200 day moving average is $329.78. The company has a market capitalization of $12.45 billion, a P/E ratio of 38.40 and a beta of 1.23.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. 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 Friday, October 31st. Shareholders of record on Friday, October 3rd will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 0.63%. Morningstar’s dividend payout ratio is 21.24%.

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.