Edgestream Partners L.P. Boosts Holdings in Morningstar, Inc. (NASDAQ:MORN)

Edgestream Partners L.P. boosted its position in Morningstar, Inc. (NASDAQ:MORN) by 197.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,117 shares of the business services provider’s stock after purchasing an additional 2,734 shares during the quarter. Edgestream Partners L.P.’s holdings in Morningstar were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. bought a new position in shares of Morningstar in the 4th quarter worth $29,000. Blue Trust Inc. increased its holdings in shares of Morningstar by 326.9% in the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after buying an additional 85 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Morningstar in the 2nd quarter worth $35,000. DT Investment Partners LLC bought a new position in shares of Morningstar in the 2nd quarter worth $36,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Morningstar by 73.8% in the 2nd quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock worth $43,000 after buying an additional 62 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating and issued a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th.

Morningstar Stock Down 0.0 %

MORN opened at $320.69 on Friday. Morningstar, Inc. has a 12 month low of $219.45 and a 12 month high of $330.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $311.82 and its 200-day moving average price is $303.10. The company has a market cap of $13.71 billion, a P/E ratio of 64.79 and a beta of 1.18.

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

Morningstar Dividend Announcement

The company 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 0.51%. Morningstar’s dividend payout ratio is currently 32.73%.

Insider Buying and Selling at Morningstar

In other Morningstar news, Director Caroline J. Tsay sold 290 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the transaction, the director now owns 3,925 shares in the company, valued at $1,165,646.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Jason Dubinsky sold 3,400 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total transaction of $1,020,374.00. Following the completion of the transaction, the chief financial officer now directly owns 20,181 shares of the company’s stock, valued at $6,056,519.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $296.98, for a total transaction of $86,124.20. Following 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. Insiders sold 63,231 shares of company stock valued at $19,488,988 in the last quarter. Company insiders own 39.90% of the company’s stock.

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.