Kornitzer Capital Management Inc. KS Has $7.96 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Kornitzer Capital Management Inc. KS trimmed its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,822 shares of the business services provider’s stock after selling 110 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Morningstar were worth $7,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MORN. Meeder Asset Management Inc. increased its position in Morningstar by 7,500.0% during the 4th quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider’s stock worth $33,000 after purchasing an additional 150 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Morningstar during the 3rd quarter worth approximately $42,000. Fifth Third Bancorp grew its holdings in Morningstar by 55.2% during the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after acquiring an additional 69 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Morningstar during the 3rd quarter worth approximately $48,000. Finally, Harbor Investment Advisory LLC bought a new stake in Morningstar during the 3rd quarter worth approximately $52,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Morningstar Trading Up 1.9 %

Shares of NASDAQ:MORN traded up $5.58 during trading on Friday, reaching $297.96. The stock had a trading volume of 153,552 shares, compared to its average volume of 100,725. The firm’s fifty day moving average is $299.24 and its 200 day moving average is $277.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. Morningstar, Inc. has a 52 week low of $163.28 and a 52 week high of $316.05. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 90.84 and a beta of 1.15.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.97 EPS for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%. The company had revenue of $538.70 million for the quarter.

Morningstar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.54%. Morningstar’s payout ratio is 49.39%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

Insiders Place Their Bets

In other Morningstar news, Director Steven N. Kaplan sold 1,250 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $306.81, for a total transaction of $383,512.50. Following the transaction, the director now owns 44,427 shares in the company, valued at $13,630,647.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Joseph D. Mansueto sold 7,470 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total value of $2,070,908.10. Following the completion of the sale, the chairman now owns 10,927,151 shares in the company, valued at $3,029,334,071.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven N. Kaplan sold 1,250 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $306.81, for a total transaction of $383,512.50. Following the completion of the sale, the director now owns 44,427 shares of the company’s stock, valued at approximately $13,630,647.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,544 shares of company stock worth $27,733,515. Insiders own 39.90% of the company’s stock.

Morningstar 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.