BidaskClub Lowers Morningstar (NASDAQ:MORN) to Buy

BidaskClub cut shares of Morningstar (NASDAQ:MORN) from a strong-buy rating to a buy rating in a report issued on Friday, May 10th, BidAskClub reports.

MORN stock traded up $0.47 during mid-day trading on Friday, hitting $134.44. The company had a trading volume of 69,500 shares, compared to its average volume of 77,693. The stock has a market cap of $5.69 billion, a P/E ratio of 34.53 and a beta of 0.88. Morningstar has a 12-month low of $99.67 and a 12-month high of $146.64. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. The business had revenue of $258.90 million for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, April 4th.

In other news, insider Joseph D. Mansueto sold 16,547 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $126.10, for a total transaction of $2,086,576.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph D. Mansueto sold 9,439 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $1,197,053.98. Following the sale, the insider now owns 22,402,070 shares in the company, valued at $2,841,030,517.40. The disclosure for this sale can be found here. Insiders have sold a total of 334,574 shares of company stock worth $42,118,953 over the last 90 days. Corporate insiders own 54.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. United Services Automobile Association raised its position in Morningstar by 4.6% in the 4th quarter. United Services Automobile Association now owns 6,052 shares of the business services provider’s stock worth $665,000 after purchasing an additional 268 shares during the period. TrimTabs Asset Management LLC bought a new position in Morningstar in the 4th quarter worth about $1,216,000. TIAA CREF Investment Management LLC grew its stake in Morningstar by 4.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 70,659 shares of the business services provider’s stock worth $8,896,000 after acquiring an additional 3,194 shares in the last quarter. SG Americas Securities LLC grew its stake in Morningstar by 1,826.4% in the 4th quarter. SG Americas Securities LLC now owns 26,141 shares of the business services provider’s stock worth $2,871,000 after acquiring an additional 24,784 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in Morningstar by 2.9% in the 4th quarter. Copeland Capital Management LLC now owns 149,399 shares of the business services provider’s stock worth $16,410,000 after acquiring an additional 4,153 shares in the last quarter. 42.53% of the stock is currently owned by institutional investors.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, 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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