Morningstar, Inc. (NASDAQ:MORN) Position Increased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,216 shares of the business services provider's stock after buying an additional 1,384 shares during the period. Segall Bryant & Hamill LLC owned about 0.09% of Morningstar worth $11,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hughes Financial Services LLC acquired a new position in shares of Morningstar during the first quarter worth $25,000. Larson Financial Group LLC lifted its position in shares of Morningstar by 5,066.7% during the first quarter. Larson Financial Group LLC now owns 155 shares of the business services provider's stock worth $46,000 after purchasing an additional 152 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Morningstar by 172.3% during the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider's stock worth $53,000 after purchasing an additional 112 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Morningstar during the fourth quarter worth $71,000. Finally, Whittier Trust Co. lifted its position in shares of Morningstar by 64.2% during the fourth quarter. Whittier Trust Co. now owns 271 shares of the business services provider's stock worth $91,000 after purchasing an additional 106 shares in the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Morningstar Stock Down 0.9%

Shares of NASDAQ MORN traded down $2.53 during trading on Friday, reaching $288.53. 184,220 shares of the stock were exchanged, compared to its average volume of 165,204. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 32.42 and a beta of 1.01. The business's 50-day moving average price is $305.19 and its 200 day moving average price is $304.95. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. Morningstar, Inc. has a twelve month low of $250.34 and a twelve month high of $365.00.

Morningstar (NASDAQ:MORN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.13. The firm had revenue of $581.90 million for the quarter, compared to analysts' expectations of $589.07 million. Morningstar had a net margin of 16.60% and a return on equity of 23.23%.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be issued a $0.455 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.82 annualized dividend and a yield of 0.63%. Morningstar's dividend payout ratio is presently 20.45%.

Insider Buying and Selling at Morningstar

In related news, Director Caroline J. Tsay sold 200 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $309.84, for a total value of $61,968.00. Following the sale, the director directly owned 4,345 shares of the company's stock, valued at $1,346,254.80. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 1,246 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $306.52, for a total transaction of $381,923.92. Following the completion of the sale, the chairman directly owned 9,427,836 shares in the company, valued at $2,889,820,290.72. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,569 shares of company stock worth $16,333,474 over the last ninety days. 36.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MORN has been the topic of a number of recent research reports. Wall Street Zen cut shares of Morningstar from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. BMO Capital Markets boosted their target price on shares of Morningstar from $339.00 to $355.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.

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.