Squarepoint Ops LLC Takes $391,000 Position in Morningstar, Inc. (NASDAQ:MORN)

Squarepoint Ops LLC bought a new position in shares of Morningstar, Inc. (NASDAQ:MORN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,320 shares of the business services provider’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Morningstar by 326.9% during the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 85 shares during the last quarter. Crewe Advisors LLC purchased a new position in Morningstar in the 2nd quarter worth approximately $35,000. DT Investment Partners LLC bought a new position in shares of Morningstar in the 2nd quarter worth $36,000. Acadian Asset Management LLC raised its position in shares of Morningstar by 73.8% during the 2nd quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after buying an additional 62 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Morningstar by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after buying an additional 51 shares in the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morningstar

In other Morningstar news, Director William M. Lyons sold 750 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $316.48, for a total transaction of $237,360.00. Following the transaction, the director now directly owns 13,590 shares of the company’s stock, valued at approximately $4,300,963.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Daniel Joseph Dunn sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $320.89, for a total value of $513,424.00. Following the completion of the transaction, the executive now owns 12,967 shares in the company, valued at $4,160,980.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William M. Lyons sold 750 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $316.48, for a total value of $237,360.00. Following the completion of the sale, the director now directly owns 13,590 shares in the company, valued at approximately $4,300,963.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,541 shares of company stock valued at $18,399,192 in the last 90 days. Insiders own 39.90% of the company’s stock.

Morningstar Price Performance

Shares of Morningstar stock opened at $334.09 on Friday. The stock has a market capitalization of $14.28 billion, a P/E ratio of 67.49 and a beta of 1.19. Morningstar, Inc. has a one year low of $219.45 and a one year high of $336.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day simple moving average is $313.54 and its two-hundred day simple moving average is $304.33.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. The company had revenue of $571.90 million during the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%.

Morningstar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.48%. Morningstar’s dividend payout ratio is presently 32.73%.

Analyst Upgrades and Downgrades

MORN has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a research note on Wednesday. Finally, UBS Group started coverage on shares of Morningstar in a research note on Tuesday. They issued a “buy” rating and a $390.00 price objective for the company. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

Morningstar 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.