State of New Jersey Common Pension Fund D Has $3.33 Million Position in Morningstar, Inc. (NASDAQ:MORN)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 2.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,443 shares of the business services provider’s stock after selling 261 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Morningstar were worth $3,333,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Morningstar by 21.9% during the second quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock worth $72,000 after purchasing an additional 44 shares during the period. Legacy Advisors LLC boosted its stake in Morningstar by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock valued at $895,000 after buying an additional 49 shares in the last quarter. GAMMA Investing LLC boosted its stake in Morningstar by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after buying an additional 51 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Morningstar by 7.3% in the second quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 51 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Morningstar by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 196 shares of the business services provider’s stock worth $58,000 after acquiring an additional 54 shares in the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MORN has been the topic of several analyst reports. Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price on the stock. in a report on Wednesday, October 9th. UBS Group initiated coverage on shares of Morningstar in a research note on Tuesday, October 8th. They set a “buy” rating and a $390.00 price objective on the stock. StockNews.com cut shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets restated an “outperform” rating and set a $352.00 price target on shares of Morningstar in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $360.67.

Morningstar Stock Up 0.6 %

Shares of NASDAQ:MORN opened at $350.55 on Wednesday. Morningstar, Inc. has a 12 month low of $263.79 and a 12 month high of $352.00. The firm has a market cap of $15.03 billion, a P/E ratio of 46.31 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $326.73 and its two-hundred day moving average price is $310.02.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The firm had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is currently 21.40%.

Insider Buying and Selling

In other Morningstar news, Director William M. Lyons sold 750 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $311.60, for a total value of $233,700.00. Following the sale, the director now directly owns 14,340 shares in the company, valued at approximately $4,468,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 6,209 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $312.12, for a total value of $1,937,953.08. Following the completion of the sale, the chairman now directly owns 10,574,707 shares in the company, valued at $3,300,577,548.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Lyons sold 750 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $311.60, for a total value of $233,700.00. Following the sale, the director now directly owns 14,340 shares of the company’s stock, valued at approximately $4,468,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,370 shares of company stock valued at $21,909,493 in the last 90 days. 39.90% of the stock is owned by insiders.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.