Park Avenue Securities LLC Reduces Position in Morningstar, Inc. (NASDAQ:MORN)

Park Avenue Securities LLC decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,665 shares of the business services provider’s stock after selling 106 shares during the period. Park Avenue Securities LLC’s holdings in Morningstar were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Morningstar by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,576,670 shares of the business services provider’s stock worth $737,546,000 after purchasing an additional 23,812 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Morningstar by 1.0% during the third quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider’s stock worth $458,481,000 after purchasing an additional 19,119 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Morningstar by 6.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,075,731 shares of the business services provider’s stock valued at $307,917,000 after acquiring an additional 67,983 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Morningstar by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider’s stock valued at $152,834,000 after acquiring an additional 5,240 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Morningstar by 45.9% in the fourth quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock valued at $145,835,000 after acquiring an additional 160,281 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Insider Transactions at Morningstar

In other news, Director Caroline J. Tsay sold 290 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $296.98, for a total transaction of $86,124.20. Following the sale, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $289.22, for a total value of $2,620,911.64. Following the completion of the transaction, the chairman now directly owns 10,648,928 shares of the company’s stock, valued at approximately $3,079,882,956.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Caroline J. Tsay sold 290 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $296.98, for a total value of $86,124.20. Following the completion of the transaction, the director now directly owns 3,925 shares of the company’s stock, valued at $1,165,646.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,802 shares of company stock worth $21,760,308. 39.90% of the stock is currently owned by company insiders.

Morningstar Price Performance

Shares of Morningstar stock opened at $295.85 on Friday. The business’s fifty day moving average price is $293.31 and its 200 day moving average price is $291.06. The stock has a market capitalization of $12.65 billion, a P/E ratio of 59.77 and a beta of 1.16. Morningstar, Inc. has a twelve month low of $187.82 and a twelve month high of $316.05. 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) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%. The company had revenue of $542.80 million during the quarter.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, July 12th. Morningstar’s payout ratio is 32.73%.

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.