Texas Permanent School Fund Corp Has $7.03 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Texas Permanent School Fund Corp increased its stake in Morningstar, Inc. (NASDAQ:MORN) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,796 shares of the business services provider’s stock after acquiring an additional 298 shares during the quarter. Texas Permanent School Fund Corp owned about 0.05% of Morningstar worth $7,030,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Morningstar in the 3rd quarter valued at $81,798,000. Teachers Retirement System of The State of Kentucky bought a new stake in Morningstar during the third quarter valued at $1,850,000. Vanguard Group Inc. grew its holdings in Morningstar by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock worth $597,981,000 after acquiring an additional 75,275 shares during the period. Baker Tilly Wealth Management LLC raised its position in shares of Morningstar by 14.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,771 shares of the business services provider’s stock worth $1,079,000 after acquiring an additional 465 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Morningstar by 188.9% in the 4th quarter. SG Americas Securities LLC now owns 2,178 shares of the business services provider’s stock valued at $623,000 after purchasing an additional 1,424 shares during the period. 57.02% of the stock is currently owned by institutional investors.

Insider Activity

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $289.22, for a total transaction of $2,620,911.64. Following the transaction, the chairman now owns 10,648,928 shares in the company, valued at $3,079,882,956.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $289.22, for a total value of $2,620,911.64. Following the completion of the sale, the chairman now directly owns 10,648,928 shares of the company’s stock, valued at approximately $3,079,882,956.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joseph D. Mansueto sold 8,325 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $286.72, for a total transaction of $2,386,944.00. Following the completion of the sale, the chairman now owns 10,758,587 shares of the company’s stock, valued at approximately $3,084,702,064.64. The disclosure for this sale can be found here. Insiders sold a total of 77,952 shares of company stock worth $23,001,340 over the last quarter. 39.90% of the stock is currently owned by corporate insiders.

Morningstar Trading Up 0.8 %

MORN traded up $2.34 during trading on Friday, hitting $302.48. The company’s stock had a trading volume of 11,185 shares, compared to its average volume of 117,545. The firm has a market capitalization of $12.93 billion, a P/E ratio of 60.72 and a beta of 1.17. Morningstar, Inc. has a twelve month low of $205.19 and a twelve month high of $316.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $294.67 and its 200-day moving average price is $292.19.

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

Morningstar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be issued a $0.405 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.62 annualized dividend and a yield of 0.54%. Morningstar’s payout ratio is currently 32.73%.

Morningstar Company 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.