OMERS ADMINISTRATION Corp Buys New Shares in Morningstar, Inc. (NASDAQ:MORN)

OMERS ADMINISTRATION Corp purchased a new stake in Morningstar, Inc. (NASDAQ:MORN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,200 shares of the business services provider's stock, valued at approximately $741,000.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Morningstar by 19.9% during the 3rd quarter. Barclays PLC now owns 16,563 shares of the business services provider's stock worth $5,286,000 after buying an additional 2,751 shares during the period. Park Avenue Securities LLC raised its stake in Morningstar by 41.4% in the 4th quarter. Park Avenue Securities LLC now owns 1,464 shares of the business services provider's stock valued at $493,000 after purchasing an additional 429 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of Morningstar by 25.7% in the fourth quarter. Diversify Wealth Management LLC now owns 2,821 shares of the business services provider's stock valued at $891,000 after buying an additional 576 shares during the last quarter. Willner & Heller LLC purchased a new position in Morningstar in the 4th quarter worth approximately $207,000. Finally, UMB Bank n.a. boosted its stake in Morningstar by 13.1% during the fourth quarter. UMB Bank n.a. now owns 467 shares of the business services provider's stock worth $157,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company's stock.

Morningstar Stock Down 1.5%

Shares of MORN stock traded down $4.62 on Wednesday, reaching $305.82. 183,076 shares of the stock were exchanged, compared to its average volume of 141,671. Morningstar, Inc. has a twelve month low of $250.34 and a twelve month high of $365.00. 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 capitalization of $12.92 billion, a price-to-earnings ratio of 40.40 and a beta of 0.99. The business's 50 day moving average price is $289.05 and its 200 day moving average price is $316.93.

Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.13. The company had revenue of $581.90 million for the quarter, compared to analysts' expectations of $589.07 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were given a dividend of $0.455 per share. This is an increase from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, April 4th. Morningstar's dividend payout ratio (DPR) is presently 20.45%.

Analysts Set New Price Targets

MORN has been the subject of several analyst reports. BMO Capital Markets increased their price objective on Morningstar from $339.00 to $355.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 8,393 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $327.89, for a total value of $2,751,980.77. Following the transaction, the chairman now directly owns 10,096,098 shares in the company, valued at approximately $3,310,409,573.22. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Caroline J. Tsay sold 200 shares of Morningstar stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $309.84, for a total transaction of $61,968.00. Following the sale, the director now owns 4,345 shares of the company's stock, valued at approximately $1,346,254.80. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,438 shares of company stock worth $25,619,504 in the last quarter. Company insiders own 36.20% of the company's stock.

Morningstar 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.