Parametric Portfolio Associates LLC Decreases Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Parametric Portfolio Associates LLC lessened its holdings in Morningstar, Inc. (NASDAQ:MORN) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,842 shares of the business services provider’s stock after selling 6,823 shares during the period. Parametric Portfolio Associates LLC owned 0.38% of Morningstar worth $20,390,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in shares of Morningstar by 30.8% in the third quarter. Morgan Stanley now owns 40,127 shares of the business services provider’s stock worth $5,053,000 after purchasing an additional 9,450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Morningstar by 22.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,376 shares of the business services provider’s stock worth $151,000 after purchasing an additional 256 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Morningstar in the fourth quarter worth approximately $85,000. Xact Kapitalforvaltning AB grew its holdings in shares of Morningstar by 89.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 4,672 shares of the business services provider’s stock worth $513,000 after purchasing an additional 2,200 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Morningstar by 1,826.4% in the fourth quarter. SG Americas Securities LLC now owns 26,141 shares of the business services provider’s stock valued at $2,871,000 after acquiring an additional 24,784 shares in the last quarter. 42.72% of the stock is owned by institutional investors and hedge funds.

NASDAQ:MORN traded up $1.42 during trading hours on Friday, hitting $144.64. The company had a trading volume of 95,446 shares, compared to its average volume of 79,383. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6.07 billion, a P/E ratio of 36.87 and a beta of 0.86. The company’s 50-day simple moving average is $140.46. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $149.70.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Separately, BidaskClub cut shares of Morningstar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 18th.

In other news, insider Joseph D. Mansueto sold 17,279 shares of Morningstar stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $127.66, for a total value of $2,205,837.14. Following the completion of the transaction, the insider now owns 22,174,659 shares of the company’s stock, valued at approximately $2,830,816,967.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 11,219 shares of Morningstar stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $129.20, for a total value of $1,449,494.80. Following the completion of the transaction, the chairman now directly owns 22,186,809 shares of the company’s stock, valued at approximately $2,866,535,722.80. The disclosure for this sale can be found here. Insiders have sold 356,710 shares of company stock valued at $49,400,935 in the last three months. Insiders own 54.10% of the company’s stock.

Morningstar Company Profile

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.

Further Reading: Outstanding Shares

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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