Edge Financial Advisors LLC Takes Position in Morningstar, Inc. (NASDAQ:MORN)

Edge Financial Advisors LLC purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 798 shares of the business services provider’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Securities Inc. acquired a new stake in Morningstar in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in shares of Morningstar in the 4th quarter worth approximately $35,000. CVA Family Office LLC acquired a new stake in Morningstar during the fourth quarter worth $65,000. Fifth Third Bancorp increased its holdings in Morningstar by 19.6% in the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock valued at $66,000 after buying an additional 38 shares during the period. Finally, CWM LLC raised its stake in shares of Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock valued at $93,000 after buying an additional 40 shares in the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Morningstar Price Performance

MORN traded down $3.32 during midday trading on Friday, reaching $298.09. 6,848 shares of the company’s stock were exchanged, compared to its average volume of 118,186. Morningstar, Inc. has a one year low of $188.97 and a one year high of $316.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $293.44 and a two-hundred day simple moving average of $291.60. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 60.89 and a beta of 1.17.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The business had revenue of $542.80 million during the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.

Morningstar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, July 12th. Morningstar’s dividend payout ratio is currently 32.73%.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 8,325 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $286.72, for a total transaction of $2,386,944.00. Following the transaction, the chairman now directly owns 10,758,587 shares in the company, valued at $3,084,702,064.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Joseph D. Mansueto sold 8,325 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $286.72, for a total value of $2,386,944.00. Following the transaction, the chairman now owns 10,758,587 shares in the company, valued at $3,084,702,064.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $289.22, for a total transaction of $2,620,911.64. Following the transaction, the chairman now owns 10,648,928 shares in the company, valued at $3,079,882,956.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,952 shares of company stock worth $23,001,340. 37.70% of the stock is owned by corporate insiders.

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.