YHB Investment Advisors Inc. Decreases Stake in Morningstar, Inc. (NASDAQ:MORN)

YHB Investment Advisors Inc. reduced its stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 23.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,092 shares of the business services provider's stock after selling 4,426 shares during the period. YHB Investment Advisors Inc.'s holdings in Morningstar were worth $4,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Morningstar by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider's stock worth $597,981,000 after buying an additional 75,275 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Morningstar by 31.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,398 shares of the business services provider's stock valued at $81,693,000 after purchasing an additional 68,574 shares during the period. Morgan Stanley boosted its holdings in Morningstar by 1.0% in the 3rd quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider's stock valued at $458,481,000 after purchasing an additional 19,119 shares during the period. Mutual of America Capital Management LLC bought a new position in Morningstar in the 3rd quarter valued at $3,961,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Morningstar by 74.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 50,000 shares of the business services provider's stock valued at $11,712,000 after purchasing an additional 21,314 shares during the period. 57.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 12,650 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $298.12, for a total transaction of $3,771,218.00. Following the sale, the chairman now owns 10,859,171 shares of the company's stock, valued at $3,237,336,058.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Joseph D. Mansueto sold 12,650 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $298.12, for a total value of $3,771,218.00. Following the transaction, the chairman now owns 10,859,171 shares in the company, valued at $3,237,336,058.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Joseph D. Mansueto sold 3,748 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $272.65, for a total transaction of $1,021,892.20. Following the completion of the transaction, the chairman now owns 10,883,563 shares in the company, valued at approximately $2,967,403,451.95. The disclosure for this sale can be found here. Insiders have sold 95,544 shares of company stock valued at $27,733,515 over the last quarter. Corporate insiders own 39.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TheStreet raised shares of Morningstar from a "c" rating to a "b" rating in a report on Friday, February 23rd. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 29th.

Morningstar Trading Down 1.2 %

Shares of MORN stock traded down $3.87 during mid-day trading on Friday, reaching $305.85. The stock had a trading volume of 83,185 shares, compared to its average volume of 116,397. The stock's 50-day moving average price is $297.34 and its two-hundred day moving average price is $276.37. Morningstar, Inc. has a 52-week low of $163.28 and a 52-week high of $316.05. The firm has a market capitalization of $13.07 billion, a PE ratio of 93.25 and a beta of 1.15. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71.

Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.97 earnings per share (EPS) for the quarter. The firm had revenue of $538.70 million for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%.

Morningstar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 4th. Morningstar's payout ratio is currently 49.39%.

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.