Morningstar, Inc. (NASDAQ:MORN) CFO Sells $1,020,374.00 in Stock

Morningstar, Inc. (NASDAQ:MORN) CFO Jason Dubinsky sold 3,400 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $300.11, for a total transaction of $1,020,374.00. Following the transaction, the chief financial officer now owns 20,181 shares of the company’s stock, valued at approximately $6,056,519.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Morningstar Stock Up 0.7 %

Shares of MORN stock opened at $301.41 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The business’s fifty day moving average is $293.44 and its 200-day moving average is $291.60. Morningstar, Inc. has a 1 year low of $188.97 and a 1 year high of $316.05. The stock has a market cap of $12.89 billion, a PE ratio of 60.89 and a beta of 1.17.

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

Morningstar Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Morningstar in the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new stake in Morningstar in the fourth quarter valued at approximately $35,000. Headlands Technologies LLC bought a new stake in Morningstar in the first quarter worth approximately $66,000. CVA Family Office LLC acquired a new stake in shares of Morningstar in the 4th quarter valued at $65,000. Finally, Fifth Third Bancorp boosted its holdings in Morningstar by 19.6% in the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after purchasing an additional 38 shares in the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

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.