Morningstar (NASDAQ:MORN) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 19th.
Morningstar (NASDAQ:MORN) last issued its earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. Morningstar had a net margin of 15.02% and a return on equity of 15.64%. The firm had revenue of $243.10 million for the quarter.
Shares of NASDAQ MORN opened at $99.71 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.22. Morningstar has a 52-week low of $68.43 and a 52-week high of $103.46. The stock has a market capitalization of $4,169.84, a price-to-earnings ratio of 35.38 and a beta of 0.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%.
Separately, BidaskClub cut Morningstar from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th.
In other news, Director Gail S. Landis sold 1,531 shares of Morningstar stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $95.46, for a total transaction of $146,149.26. Following the sale, the director now owns 5,350 shares of the company’s stock, valued at $510,711. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 57.50% of the company’s stock.
A hedge fund recently raised its stake in Morningstar stock. The Manufacturers Life Insurance Company grew its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,510 shares of the business services provider’s stock after buying an additional 98 shares during the period. The Manufacturers Life Insurance Company’s holdings in Morningstar were worth $118,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.68% of the company’s stock.
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Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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