BidaskClub upgraded shares of Morningstar (NASDAQ:MORN) from a hold rating to a buy rating in a research report report published on Friday, BidAskClub reports.

Separately, ValuEngine upgraded shares of Morningstar from a hold rating to a buy rating in a report on Wednesday, January 2nd.

NASDAQ:MORN opened at $135.11 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 35.38 and a beta of 0.83. Morningstar has a 1-year low of $99.67 and a 1-year high of $144.34.

Morningstar (NASDAQ:MORN) last posted its earnings results on Thursday, February 21st. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.13. The company had revenue of $262.70 million for the quarter. Morningstar had a net margin of 17.94% and a return on equity of 18.22%.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $0.28 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.12 annualized dividend and a yield of 0.83%.

In other news, Chairman Joseph D. Mansueto sold 10,521 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $122.11, for a total value of $1,284,719.31. Following the sale, the chairman now directly owns 22,278,376 shares of the company’s stock, valued at approximately $2,720,412,493.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 1,650 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $123.44, for a total transaction of $203,676.00. Following the completion of the sale, the chairman now directly owns 22,523,830 shares in the company, valued at $2,780,341,575.20. The disclosure for this sale can be found here. Insiders sold a total of 370,870 shares of company stock worth $46,130,794 over the last three months. Insiders own 54.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in shares of Morningstar by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 1,636,889 shares of the business services provider’s stock valued at $206,085,000 after acquiring an additional 40,273 shares during the period. Vanguard Group Inc. raised its stake in shares of Morningstar by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,636,889 shares of the business services provider’s stock valued at $206,085,000 after acquiring an additional 40,273 shares during the period. FMR LLC raised its stake in shares of Morningstar by 57.2% in the 4th quarter. FMR LLC now owns 1,228,505 shares of the business services provider’s stock valued at $134,940,000 after acquiring an additional 447,111 shares during the period. BlackRock Inc. raised its stake in shares of Morningstar by 1.9% in the 4th quarter. BlackRock Inc. now owns 809,540 shares of the business services provider’s stock valued at $88,919,000 after acquiring an additional 15,027 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Morningstar by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 395,633 shares of the business services provider’s stock valued at $49,810,000 after acquiring an additional 3,353 shares during the period. 42.33% of the stock is currently owned by institutional investors and hedge funds.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. 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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