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

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Director William M. Lyons sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $289.07, for a total value of $216,802.50. Following the sale, the director now directly owns 16,590 shares in the company, valued at $4,795,671.30. The transaction was disclosed in a filing with the SEC, which is available at this link.

Morningstar Trading Down 1.6 %

Shares of NASDAQ MORN opened at $287.89 on Friday. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 58.16 and a beta of 1.16. The stock’s 50 day simple moving average is $297.42 and its 200 day simple moving average is $289.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. Morningstar, Inc. has a 12-month low of $185.15 and a 12-month high of $316.05.

Morningstar (NASDAQ:MORNGet 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. The company had revenue of $542.80 million for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, April 4th. Morningstar’s dividend payout ratio (DPR) is 32.73%.

Institutional Investors Weigh In On Morningstar

A number of hedge funds have recently made changes to their positions in MORN. Principal Securities Inc. acquired a new position in shares of Morningstar during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new stake in shares of Morningstar during the fourth quarter worth $35,000. Headlands Technologies LLC purchased a new stake in shares of Morningstar during the first quarter valued at $66,000. CVA Family Office LLC purchased a new stake in Morningstar during the fourth quarter valued at about $65,000. Finally, Fifth Third Bancorp lifted its position in shares of Morningstar by 19.6% in the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MORN shares. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

Read Our Latest Stock Analysis on MORN

Morningstar Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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