California Public Employees Retirement System Has $11.42 Million Holdings in Morningstar, Inc. (NASDAQ:MORN)

California Public Employees Retirement System lessened its holdings in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 21.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,891 shares of the business services provider's stock after selling 11,025 shares during the quarter. California Public Employees Retirement System owned approximately 0.09% of Morningstar worth $11,418,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of Morningstar by 19.6% during the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider's stock valued at $66,000 after acquiring an additional 38 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Morningstar by 4.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider's stock valued at $256,000 after buying an additional 40 shares during the period. CWM LLC increased its stake in shares of Morningstar by 14.1% during the 4th quarter. CWM LLC now owns 324 shares of the business services provider's stock worth $93,000 after purchasing an additional 40 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Morningstar by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 11,292 shares of the business services provider's stock valued at $2,645,000 after purchasing an additional 60 shares during the period. Finally, Martin Capital Advisors LLP grew its position in Morningstar by 1.8% in the fourth quarter. Martin Capital Advisors LLP now owns 4,356 shares of the business services provider's stock valued at $1,247,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 57.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MORN. TheStreet upgraded shares of Morningstar from a "c" rating to a "b" rating in a research report on Friday, February 23rd. StockNews.com raised Morningstar from a "hold" rating to a "buy" rating in a research note on Thursday, February 29th.

Morningstar Stock Up 1.3 %

NASDAQ:MORN traded up $3.64 during trading hours on Thursday, reaching $290.98. 92,186 shares of the company traded hands, compared to its average volume of 127,116. The stock has a market capitalization of $12.44 billion, a P/E ratio of 58.78 and a beta of 1.15. The business's 50-day moving average price is $301.80 and its two-hundred day moving average price is $281.73. Morningstar, Inc. has a 1 year low of $180.48 and a 1 year high of $316.05. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. The company had revenue of $542.80 million for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, April 4th. Morningstar's dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling at Morningstar

In other Morningstar news, Director Steven N. Kaplan sold 1,250 shares of Morningstar stock in a transaction on Monday, March 11th. The shares were sold at an average price of $306.81, for a total value of $383,512.50. Following the transaction, the director now owns 44,427 shares in the company, valued at approximately $13,630,647.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Steven N. Kaplan sold 1,250 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $306.81, for a total transaction of $383,512.50. Following the sale, the director now owns 44,427 shares in the company, valued at $13,630,647.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joseph D. Mansueto sold 7,470 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total transaction of $2,070,908.10. Following the completion of the transaction, the chairman now owns 10,927,151 shares of the company's stock, valued at approximately $3,029,334,071.73. The disclosure for this sale can be found here. Insiders sold 88,618 shares of company stock worth $25,798,460 over the last 90 days. Corporate insiders own 39.90% of the company's stock.

Morningstar Company 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.