3,001 Shares in Morningstar, Inc. (NASDAQ:MORN) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,001 shares of the business services provider’s stock, valued at approximately $1,011,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Morningstar during the fourth quarter worth about $111,694,000. Premier Fund Managers Ltd purchased a new stake in Morningstar in the 4th quarter worth approximately $50,694,000. Wellington Management Group LLP grew its position in shares of Morningstar by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider’s stock worth $363,903,000 after buying an additional 130,087 shares during the last quarter. Schroder Investment Management Group purchased a new position in shares of Morningstar during the fourth quarter valued at approximately $33,829,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Morningstar by 339.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 117,156 shares of the business services provider’s stock valued at $39,453,000 after acquiring an additional 90,466 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Price Performance

MORN opened at $301.88 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 39.88 and a beta of 1.23. The stock has a fifty day simple moving average of $311.65 and a two-hundred day simple moving average of $327.70. Morningstar, Inc. has a 12-month low of $278.64 and a 12-month high of $365.00.

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

Morningstar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.60%. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, April 4th. Morningstar’s dividend payout ratio (DPR) is presently 21.24%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets cut their price target 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. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday.

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 3,635 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $325.44, for a total value of $1,182,974.40. Following the transaction, the chairman now owns 10,142,694 shares in the company, valued at $3,300,838,335.36. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 59,544 shares of company stock valued at $18,770,097 in the last ninety days. 39.90% of the stock is currently owned by corporate insiders.

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.