Morningstar, Inc. (NASDAQ:MORN) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in Morningstar, Inc. (NASDAQ:MORN) by 1.7% in the 3rd quarter, Holdings Channel reports. The firm owned 33,905 shares of the business services provider’s stock after acquiring an additional 564 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Morningstar were worth $10,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. purchased a new position in Morningstar during the first quarter worth approximately $426,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Morningstar by 18.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,622 shares of the business services provider’s stock valued at $500,000 after purchasing an additional 253 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Morningstar by 12.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,696 shares of the business services provider’s stock worth $5,452,000 after purchasing an additional 1,997 shares during the last quarter. Tidal Investments LLC purchased a new position in Morningstar during the first quarter worth about $1,207,000. Finally, Virtu Financial LLC acquired a new position in Morningstar in the 1st quarter valued at about $406,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MORN. BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 price target on shares of Morningstar in a research report on Wednesday, August 28th. UBS Group initiated coverage on Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target on the stock. Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $360.67.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 118 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $342.13, for a total transaction of $40,371.34. Following the completion of the sale, the chairman now directly owns 10,788,378 shares of the company’s stock, valued at $3,691,027,765.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Lyons sold 750 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $316.48, for a total value of $237,360.00. Following the sale, the director now directly owns 13,590 shares of the company’s stock, valued at approximately $4,300,963.20. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,541 shares of company stock worth $20,234,838. 39.90% of the stock is owned by insiders.

Morningstar Stock Up 1.3 %

Shares of NASDAQ:MORN opened at $340.07 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a fifty-two week low of $269.51 and a fifty-two week high of $352.55. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 44.92 and a beta of 1.18. The firm’s 50 day moving average price is $331.14 and its 200 day moving average price is $312.45.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.01). The business had revenue of $569.40 million for the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is 21.40%.

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.