Quantinno Capital Management LP Buys 1,390 Shares of Morningstar, Inc. (NASDAQ:MORN)

Quantinno Capital Management LP boosted its holdings in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,924 shares of the business services provider's stock after buying an additional 1,390 shares during the period. Quantinno Capital Management LP's holdings in Morningstar were worth $2,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Man Group plc grew its holdings in shares of Morningstar by 23.1% during the fourth quarter. Man Group plc now owns 16,618 shares of the business services provider's stock worth $5,596,000 after purchasing an additional 3,113 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Morningstar during the fourth quarter valued at approximately $1,207,000. Nuveen Asset Management LLC grew its stake in Morningstar by 25.9% in the 4th quarter. Nuveen Asset Management LLC now owns 90,029 shares of the business services provider's stock worth $30,318,000 after buying an additional 18,535 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Morningstar in the 4th quarter worth $711,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Morningstar during the 4th quarter valued at $741,000. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MORN. BMO Capital Markets increased their price target on shares of Morningstar from $339.00 to $355.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded Morningstar from a "hold" rating to a "buy" rating in a report on Friday, May 2nd.

Insider Activity at Morningstar

In other news, Director Caroline J. Tsay sold 200 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $309.84, for a total value of $61,968.00. Following the completion of the transaction, the director now owns 4,345 shares in the company, valued at $1,346,254.80. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $301.10, for a total transaction of $2,728,568.20. Following the completion of the sale, the chairman now owns 10,047,332 shares of the company's stock, valued at $3,025,251,665.20. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,983 shares of company stock valued at $19,940,225 in the last 90 days. Corporate insiders own 36.20% of the company's stock.

Morningstar Stock Down 0.8%

MORN traded down $2.55 during trading on Monday, reaching $304.12. The stock had a trading volume of 115,052 shares, compared to its average volume of 142,564. Morningstar, Inc. has a one year low of $250.34 and a one year high of $365.00. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 40.17 and a beta of 0.99. 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 stock's 50 day moving average is $289.99 and its two-hundred day moving average is $316.08.

Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.13. The company had revenue of $581.90 million during 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 business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were paid a $0.455 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.82 annualized dividend and a dividend yield of 0.60%. This is an increase from Morningstar's previous quarterly dividend of $0.41. Morningstar's dividend payout ratio is presently 20.45%.

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.