Sei Investments Co. Increases Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Sei Investments Co. grew its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,932 shares of the business services provider’s stock after acquiring an additional 3,482 shares during the quarter. Sei Investments Co. owned about 0.30% of Morningstar worth $39,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MORN. Fifth Third Bancorp lifted its stake 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 worth $66,000 after purchasing an additional 38 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Morningstar by 4.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider’s stock worth $256,000 after purchasing an additional 40 shares during the period. CWM LLC lifted its stake in shares of Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after purchasing an additional 40 shares during the period. Alliance Wealth Advisors LLC UT lifted its stake in shares of Morningstar by 2.0% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,541 shares of the business services provider’s stock worth $727,000 after purchasing an additional 51 shares during the period. Finally, BCGM Wealth Management LLC lifted its stake in shares of Morningstar by 1.7% in the 4th quarter. BCGM Wealth Management LLC now owns 4,308 shares of the business services provider’s stock worth $1,233,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Morningstar Price Performance

Shares of NASDAQ:MORN remained flat at $305.55 during trading on Monday. 66,880 shares of the stock traded hands, compared to its average volume of 117,894. The company has a 50 day simple moving average of $294.90 and a 200-day simple moving average of $292.38. Morningstar, Inc. has a 52-week low of $205.19 and a 52-week high of $316.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 61.73 and a beta of 1.17.

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

Morningstar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, July 12th. Morningstar’s payout ratio is 32.73%.

Insiders Place Their Bets

In other Morningstar news, CFO Jason Dubinsky sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total transaction of $1,020,374.00. Following the sale, the chief financial officer now owns 20,181 shares in the company, valued at approximately $6,056,519.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Morningstar news, CFO Jason Dubinsky sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total transaction of $1,020,374.00. Following the sale, the chief financial officer now owns 20,181 shares in the company, valued at approximately $6,056,519.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 4,804 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $301.10, for a total transaction of $1,446,484.40. Following the sale, the chairman now directly owns 10,703,512 shares of the company’s stock, valued at $3,222,827,463.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,952 shares of company stock worth $23,001,340. Company insiders own 39.90% of the company’s stock.

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.