Xponance Inc. Has $1.66 Million Stake in Morningstar, Inc. (NASDAQ:MORN)

Xponance Inc. increased its holdings in Morningstar, Inc. (NASDAQ:MORN) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,543 shares of the business services provider’s stock after buying an additional 112 shares during the period. Xponance Inc.’s holdings in Morningstar were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Morningstar in the fourth quarter valued at approximately $111,694,000. Balyasny Asset Management L.P. bought a new position in Morningstar in the fourth quarter valued at approximately $56,584,000. Premier Fund Managers Ltd bought a new position in Morningstar in the fourth quarter valued at approximately $50,694,000. GAMMA Investing LLC increased its stake in Morningstar by 30,785.9% in the first quarter. GAMMA Investing LLC now owns 144,237 shares of the business services provider’s stock valued at $43,252,000 after acquiring an additional 143,770 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Morningstar by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider’s stock valued at $363,903,000 after acquiring an additional 130,087 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Morningstar Stock Performance

NASDAQ MORN opened at $286.48 on Wednesday. The firm’s fifty day moving average price is $305.64 and its two-hundred day moving average price is $305.38. The stock has a market cap of $12.10 billion, a PE ratio of 32.19 and a beta of 1.01. Morningstar, Inc. has a fifty-two week low of $250.34 and a fifty-two week high of $365.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11.

Morningstar (NASDAQ:MORN) last posted its earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.64%. Morningstar’s payout ratio is presently 20.45%.

Insiders Place Their Bets

In related news, Director Caroline J. Tsay sold 200 shares of the business’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 owned 4,345 shares of the company’s stock, valued at $1,346,254.80. The trade was a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 1,246 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was 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 approximately $2,889,820,290.72. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,569 shares of company stock worth $16,333,474. Insiders own 36.20% of the company’s stock.

Analyst Upgrades and Downgrades

MORN has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. BMO Capital Markets lifted their price objective on shares of Morningstar from $339.00 to $355.00 and gave the company an “outperform” rating in a research note 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.