Morningstar (NASDAQ:MORN) posted its earnings results on Wednesday, April 24th. The business services provider reported $0.77 earnings per share for the quarter, Bloomberg Earnings reports. 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%.
MORN stock opened at $134.44 on Friday. Morningstar has a 52 week low of $99.67 and a 52 week high of $146.64. The firm has a market cap of $5.69 billion, a PE ratio of 34.53 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.83%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. United Services Automobile Association grew its stake in shares of Morningstar by 4.6% during the fourth quarter. United Services Automobile Association now owns 6,052 shares of the business services provider’s stock valued at $665,000 after acquiring an additional 268 shares in the last quarter. TrimTabs Asset Management LLC acquired a new stake in shares of Morningstar during the fourth quarter valued at about $1,216,000. Kepos Capital LP grew its stake in shares of Morningstar by 153.0% during the third quarter. Kepos Capital LP now owns 8,816 shares of the business services provider’s stock valued at $1,110,000 after acquiring an additional 5,331 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Morningstar by 4.7% during the third quarter. TIAA CREF Investment Management LLC now owns 70,659 shares of the business services provider’s stock valued at $8,896,000 after acquiring an additional 3,194 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Morningstar by 1,826.4% during 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. Hedge funds and other institutional investors own 42.53% of the company’s stock.
Separately, BidaskClub raised Morningstar from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th.
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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