Duality Advisers LP Purchases Shares of 14,161 Morningstar, Inc. (NASDAQ:MORN)

Duality Advisers LP purchased a new stake in Morningstar, Inc. (NASDAQ:MORN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,161 shares of the business services provider’s stock, valued at approximately $4,053,000.

Several other hedge funds also recently added to or reduced their stakes in MORN. Harvest Fund Management Co. Ltd purchased a new stake in shares of Morningstar in the 3rd quarter valued at approximately $42,000. Fifth Third Bancorp grew its stake in shares of Morningstar by 55.2% in the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock valued at $45,000 after buying an additional 69 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Morningstar in the 3rd quarter valued at approximately $48,000. Harbor Investment Advisory LLC purchased a new stake in shares of Morningstar in the 3rd quarter valued at approximately $52,000. Finally, CVA Family Office LLC purchased a new position in shares of Morningstar during the 4th quarter worth approximately $65,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 6,926 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $279.39, for a total value of $1,935,055.14. Following the completion of the transaction, the chairman now owns 10,934,986 shares of the company’s stock, valued at approximately $3,055,125,738.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Joseph D. Mansueto sold 3,748 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $272.65, for a total value of $1,021,892.20. Following the sale, the chairman now directly owns 10,883,563 shares in the company, valued at approximately $2,967,403,451.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 6,926 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $279.39, for a total transaction of $1,935,055.14. Following the completion of the sale, the chairman now owns 10,934,986 shares in the company, valued at $3,055,125,738.54. The disclosure for this sale can be found here. Insiders sold 95,544 shares of company stock valued at $27,733,515 in the last 90 days. Company insiders own 37.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MORN shares. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd.

Morningstar Stock Performance

NASDAQ:MORN opened at $303.01 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $12.95 billion, a P/E ratio of 92.38 and a beta of 1.15. The company has a 50 day moving average price of $299.65 and a 200 day moving average price of $279.20. Morningstar, Inc. has a fifty-two week low of $163.28 and a fifty-two week high of $316.05.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.97 EPS for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%. The company had revenue of $538.70 million during the quarter.

Morningstar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $0.405 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.53%. Morningstar’s dividend payout ratio is presently 49.39%.

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.