William M. Lyons Sells 750 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Director William M. Lyons sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $316.48, for a total value of $237,360.00. Following the completion of the transaction, the director now directly owns 13,590 shares in the company, valued at $4,300,963.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

Morningstar Trading Down 0.8 %

Shares of MORN stock opened at $316.50 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. Morningstar, Inc. has a 12-month low of $219.45 and a 12-month high of $330.22. The stock has a market capitalization of $13.53 billion, a P/E ratio of 63.94 and a beta of 1.18. The firm’s 50 day moving average is $313.00 and its 200 day moving average is $303.46.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. The firm had revenue of $571.90 million for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%.

Morningstar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, October 4th. Morningstar’s payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a report on Wednesday, August 28th.

Hedge Funds Weigh In On Morningstar

Several institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its stake in shares of Morningstar by 21.9% during the 2nd quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock worth $72,000 after acquiring an additional 44 shares during the last quarter. Legacy Advisors LLC lifted its position in Morningstar by 1.6% during the second quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock valued at $895,000 after purchasing an additional 49 shares in the last quarter. GAMMA Investing LLC increased its position in Morningstar by 38.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock worth $54,000 after buying an additional 51 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Morningstar by 7.3% in the second quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock worth $223,000 after buying an additional 51 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Morningstar by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 196 shares of the business services provider’s stock valued at $58,000 after buying an additional 54 shares in the last quarter. Institutional investors own 57.02% 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.