Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,881 shares of the business services provider's stock after selling 5,581 shares during the period. Fisher Asset Management LLC owned 0.05% of Morningstar worth $6,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Morningstar by 19.6% during the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider's stock valued at $66,000 after purchasing an additional 38 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Morningstar by 4.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider's stock worth $256,000 after acquiring an additional 40 shares in the last quarter. CWM LLC grew its stake in Morningstar by 14.1% in the fourth quarter. CWM LLC now owns 324 shares of the business services provider's stock valued at $93,000 after acquiring an additional 40 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in shares of Morningstar by 2.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,541 shares of the business services provider's stock valued at $727,000 after acquiring an additional 51 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Morningstar by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 11,292 shares of the business services provider's stock worth $2,645,000 after purchasing an additional 60 shares during the period. 57.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 4,675 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $311.07, for a total value of $1,454,252.25. Following the completion of the transaction, the chairman now directly owns 10,776,823 shares of the company's stock, valued at $3,352,346,330.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Joseph D. Mansueto sold 4,675 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $311.07, for a total value of $1,454,252.25. Following the transaction, the chairman now directly owns 10,776,823 shares of the company's stock, valued at approximately $3,352,346,330.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph D. Mansueto sold 7,470 shares of the stock in a transaction dated 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 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 have sold a total of 113,383 shares of company stock valued at $33,053,998 in the last 90 days. 37.70% of the stock is currently owned by corporate insiders.

Morningstar Stock Up 0.3 %

Shares of NASDAQ:MORN traded up $0.88 during mid-day trading on Tuesday, hitting $299.86. 114,781 shares of the company traded hands, compared to its average volume of 126,191. The stock has a 50-day moving average price of $302.16 and a two-hundred day moving average price of $283.95. Morningstar, Inc. has a 12-month low of $185.10 and a 12-month high of $316.05. The stock has a market cap of $12.82 billion, a P/E ratio of 60.58 and a beta of 1.15. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66.

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

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $0.405 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.54%. Morningstar's dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

MORN has been the subject of a number of recent research reports. TheStreet upgraded shares of Morningstar from a "c" rating to a "b" rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 29th.

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.