HM Payson & Co. Decreases Stock Position in Morningstar, Inc. (NASDAQ:MORN)

HM Payson & Co. lessened its position in Morningstar, Inc. (NASDAQ:MORN) by 27.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,350 shares of the business services provider’s stock after selling 500 shares during the quarter. HM Payson & Co.’s holdings in Morningstar were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MORN. Fieldpoint Private Securities LLC purchased a new position in Morningstar during the fourth quarter worth approximately $29,000. Simon Quick Advisors LLC lifted its position in Morningstar by 230.6% during the fourth quarter. Simon Quick Advisors LLC now owns 162 shares of the business services provider’s stock worth $38,000 after buying an additional 113 shares in the last quarter. JJJ Advisors Inc. lifted its position in Morningstar by 213.3% during the fourth quarter. JJJ Advisors Inc. now owns 188 shares of the business services provider’s stock worth $44,000 after buying an additional 128 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Morningstar during the fourth quarter worth $63,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Morningstar during the fourth quarter worth $102,000. Institutional investors and hedge funds own 47.48% of the company’s stock.

MORN stock opened at $232.10 on Thursday. The business has a fifty day moving average of $235.25 and a two-hundred day moving average of $213.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 57.03 and a beta of 1.06. Morningstar, Inc. has a 52-week low of $118.16 and a 52-week high of $255.75.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Thursday, February 18th. The business services provider reported $1.57 earnings per share for the quarter. Morningstar had a return on equity of 18.79% and a net margin of 13.11%. The business had revenue of $380.40 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Friday, April 9th will be paid a dividend of $0.315 per share. The ex-dividend date is Thursday, April 8th. This represents a $1.26 annualized dividend and a yield of 0.54%.

In related news, Chairman Joseph D. Mansueto sold 256 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $251.63, for a total transaction of $64,417.28. Following the completion of the transaction, the chairman now directly owns 19,025,120 shares of the company’s stock, valued at approximately $4,787,290,945.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 3,609 shares of the business’s stock in a transaction on Thursday, February 25th. The stock was sold at an average price of $224.69, for a total value of $810,906.21. Following the transaction, the chairman now directly owns 19,004,727 shares of the company’s stock, valued at $4,270,172,109.63. The disclosure for this sale can be found here. Insiders have sold a total of 163,358 shares of company stock valued at $38,725,863 over the last three months. 49.70% of the stock is currently owned by insiders.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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