Morningstar, Inc. (NASDAQ:MORN) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 228.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,811 shares of the business services provider’s stock after purchasing an additional 3,346 shares during the period. Fox Run Management L.L.C.’s holdings in Morningstar were worth $1,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Morningstar during the fourth quarter worth about $1,886,000. Sei Investments Co. raised its stake in Morningstar by 1.4% during the 4th quarter. Sei Investments Co. now owns 136,939 shares of the business services provider’s stock valued at $46,115,000 after acquiring an additional 1,884 shares during the last quarter. American Century Companies Inc. lifted its position in Morningstar by 22.4% during the 4th quarter. American Century Companies Inc. now owns 8,111 shares of the business services provider’s stock worth $2,731,000 after acquiring an additional 1,482 shares during the period. Whittier Trust Co. grew its stake in shares of Morningstar by 64.2% in the 4th quarter. Whittier Trust Co. now owns 271 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 106 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Morningstar by 288.7% in the fourth quarter. Teacher Retirement System of Texas now owns 32,751 shares of the business services provider’s stock valued at $11,029,000 after purchasing an additional 24,325 shares during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Stock Up 0.8 %

MORN opened at $298.12 on Friday. 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 12 month low of $278.64 and a 12 month high of $365.00. The stock has a market capitalization of $12.77 billion, a P/E ratio of 39.38 and a beta of 1.23. The business has a 50 day simple moving average of $315.72 and a 200-day simple moving average of $327.99.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million.

Morningstar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a dividend of $0.455 per share. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, April 4th. Morningstar’s dividend payout ratio is presently 21.24%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MORN shares. StockNews.com downgraded Morningstar from a “buy” rating to a “hold” rating in a report on Monday, March 17th. BMO Capital Markets lowered their target price on shares of Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd.

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total transaction of $2,557,749.50. Following the completion of the transaction, the chairman now owns 10,038,270 shares of the company’s stock, valued at $2,833,301,707.50. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 59,544 shares of company stock valued at $18,770,097. Corporate insiders own 39.90% of the company’s stock.

Morningstar Company 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.