Marshall Wace North America L.P. Purchases 3,204 Shares of Morningstar, Inc. (NASDAQ:MORN)

Marshall Wace North America L.P. raised its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 604.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,734 shares of the business services provider’s stock after acquiring an additional 3,204 shares during the period. Marshall Wace North America L.P.’s holdings in Morningstar were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of Morningstar during the first quarter valued at about $210,000. Connable Office Inc. acquired a new position in Morningstar in the 1st quarter worth approximately $212,000. Ibex Investors LLC acquired a new stake in shares of Morningstar during the 4th quarter worth approximately $215,000. Spectrum Asset Management Inc. NB CA acquired a new stake in shares of Morningstar during the 1st quarter worth approximately $227,000. Finally, Advisor Group Inc. grew its stake in shares of Morningstar by 9.3% during the 4th quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 42.71% of the company’s stock.

In other Morningstar news, Chairman Joseph D. Mansueto sold 345 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $135.10, for a total value of $46,609.50. Following the completion of the sale, the chairman now owns 22,118,872 shares in the company, valued at $2,988,259,607.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph D. Mansueto sold 13,329 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $141.70, for a total value of $1,888,719.30. Following the completion of the sale, the insider now owns 22,137,176 shares of the company’s stock, valued at approximately $3,136,837,839.20. The disclosure for this sale can be found here. Insiders have sold a total of 371,577 shares of company stock valued at $52,765,653 over the last three months. Corporate insiders own 54.10% of the company’s stock.

MORN stock traded up $1.84 during midday trading on Thursday, reaching $156.32. The stock had a trading volume of 61,551 shares, compared to its average volume of 78,185. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $156.94. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $145.88. The stock has a market cap of $6.57 billion, a P/E ratio of 39.89 and a beta of 0.83.

Morningstar (NASDAQ:MORN) last posted 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 return on equity of 17.95% and a net margin of 16.84%.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, July 3rd.

Separately, BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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