Kornitzer Capital Management Inc. KS Buys 40 Shares of Morningstar, Inc. (NASDAQ:MORN)

Kornitzer Capital Management Inc. KS increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,324 shares of the business services provider’s stock after acquiring an additional 40 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.06% of Morningstar worth $8,401,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MORN. BNP Paribas Financial Markets grew its stake in Morningstar by 104.2% in the first quarter. BNP Paribas Financial Markets now owns 6,114 shares of the business services provider’s stock valued at $1,885,000 after acquiring an additional 3,120 shares during the period. Texas Permanent School Fund Corp boosted its holdings in shares of Morningstar by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 22,796 shares of the business services provider’s stock valued at $7,030,000 after buying an additional 298 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Morningstar by 60.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,140 shares of the business services provider’s stock worth $352,000 after acquiring an additional 431 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Morningstar by 80.5% during the first quarter. Quantbot Technologies LP now owns 6,914 shares of the business services provider’s stock worth $2,132,000 after acquiring an additional 3,083 shares during the period. Finally, SG Americas Securities LLC lifted its position in Morningstar by 506.2% in the 1st quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider’s stock valued at $4,071,000 after acquiring an additional 11,024 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Stock Performance

Shares of NASDAQ:MORN opened at $343.27 on Friday. The company’s 50 day simple moving average is $325.34 and its 200 day simple moving average is $309.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a 1 year low of $259.50 and a 1 year high of $349.07. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 45.35 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s payout ratio is 21.40%.

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 5,149 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $305.30, for a total value of $1,571,989.70. Following the completion of the transaction, the chairman now directly owns 10,610,555 shares in the company, valued at approximately $3,239,402,441.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Joseph D. Mansueto sold 5,149 shares of Morningstar stock in a transaction on Monday, August 12th. The shares were sold at an average price of $305.30, for a total transaction of $1,571,989.70. Following the transaction, the chairman now owns 10,610,555 shares in the company, valued at approximately $3,239,402,441.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $311.60, for a total value of $233,700.00. Following the transaction, the director now directly owns 14,340 shares of the company’s stock, valued at approximately $4,468,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,492 shares of company stock worth $19,430,128 over the last quarter. Corporate insiders own 39.90% of the company’s stock.

Analyst Upgrades and Downgrades

MORN has been the subject of several recent research reports. Redburn Atlantic cut 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. BMO Capital Markets restated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. UBS Group began coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target on the stock. Finally, StockNews.com downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $360.67.

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.