New York State Teachers Retirement System Sells 2,545 Shares of Morningstar, Inc. (NASDAQ:MORN)

New York State Teachers Retirement System trimmed its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,900 shares of the business services provider’s stock after selling 2,545 shares during the quarter. New York State Teachers Retirement System’s holdings in Morningstar were worth $1,987,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Morningstar by 125.2% during the 3rd quarter. Blue Trust Inc. now owns 250 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 139 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Morningstar by 1.4% during the third quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the business services provider’s stock valued at $2,393,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Morningstar by 2.1% in the third quarter. State of Alaska Department of Revenue now owns 15,202 shares of the business services provider’s stock worth $4,850,000 after buying an additional 315 shares during the period. Boston Financial Mangement LLC bought a new stake in shares of Morningstar during the 3rd quarter worth approximately $19,666,000. Finally, Diversify Wealth Management LLC boosted its holdings in Morningstar by 6.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,245 shares of the business services provider’s stock valued at $767,000 after acquiring an additional 143 shares during the period. Institutional investors own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Morningstar presently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

Morningstar Trading Down 1.4 %

Morningstar stock opened at $322.38 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a 12 month low of $273.56 and a 12 month high of $365.00. The stock’s 50 day simple moving average is $330.24 and its two-hundred day simple moving average is $329.54. The firm has a market cap of $13.82 billion, a PE ratio of 42.59 and a beta of 1.20.

Morningstar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a $0.455 dividend. This is an increase from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, October 3rd. Morningstar’s dividend payout ratio is currently 24.04%.

Insider Activity at Morningstar

In other Morningstar news, CFO Jason Dubinsky sold 3,223 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the sale, the chief financial officer now directly owns 17,304 shares of the company’s stock, valued at $6,106,235.52. This trade represents a 15.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $355.22, for a total value of $3,219,003.64. Following the completion of the sale, the chairman now directly owns 10,738,224 shares of the company’s stock, valued at $3,814,431,929.28. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,168 shares of company stock valued at $10,840,546. 39.90% of the stock is owned by insiders.

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.