Confluence Investment Management LLC boosted its stake in Morningstar, Inc. (NASDAQ:MORN) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,996 shares of the business services provider’s stock after purchasing an additional 352 shares during the period. Confluence Investment Management LLC’s holdings in Morningstar were worth $15,874,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc lifted its stake in 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 purchasing an additional 40,273 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 40,273 shares during the last quarter. FMR LLC lifted its stake in 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 purchasing an additional 447,111 shares during the last quarter. BlackRock Inc. lifted its stake in 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 purchasing an additional 15,027 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 3,353 shares during the last quarter. 42.33% of the stock is owned by institutional investors and hedge funds.

MORN has been the subject of several analyst reports. BidaskClub raised shares of Morningstar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 27th. ValuEngine raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd.

In other news, Chairman Joseph D. Mansueto sold 10,521 shares of Morningstar stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $122.11, for a total transaction of $1,284,719.31. Following the completion of the transaction, the chairman now directly owns 22,278,376 shares in the company, valued at $2,720,412,493.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joseph D. Mansueto sold 11,219 shares of Morningstar stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.20, for a total transaction of $1,449,494.80. Following the transaction, the chairman now owns 22,186,809 shares of the company’s stock, valued at $2,866,535,722.80. The disclosure for this sale can be found here. Insiders sold 370,870 shares of company stock valued at $46,130,794 over the last 90 days. Corporate insiders own 57.50% of the company’s stock.

NASDAQ:MORN opened at $133.11 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 34.13 and a beta of 0.83. Morningstar, Inc. has a 12 month low of $99.67 and a 12 month high of $144.34.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $262.70 million during the quarter. Morningstar had a net margin of 17.94% and a return on equity of 18.22%.

The business also recently declared 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, April 4th.

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Morningstar Company Profile

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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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