BidaskClub upgraded shares of Morningstar (NASDAQ:MORN) from a buy rating to a strong-buy rating in a research report released on Thursday.
Shares of Morningstar stock opened at $94.01 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.22. Morningstar has a 12-month low of $68.43 and a 12-month high of $103.46. The stock has a market cap of $3,995.24, a price-to-earnings ratio of 33.94 and a beta of 0.69.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. Morningstar had a net margin of 15.02% and a return on equity of 15.64%. The company had revenue of $243.10 million during the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, April 5th. Morningstar’s dividend payout ratio is 31.35%.
In other news, Director Gail S. Landis sold 1,531 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $95.46, for a total transaction of $146,149.26. Following the completion of the sale, the director now owns 5,350 shares of the company’s stock, valued at $510,711. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 57.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in Morningstar during the fourth quarter worth $126,000. Advisor Group Inc. boosted its holdings in Morningstar by 57.3% during the fourth quarter. Advisor Group Inc. now owns 1,449 shares of the business services provider’s stock worth $141,000 after purchasing an additional 528 shares during the last quarter. SG Americas Securities LLC acquired a new position in Morningstar during the third quarter worth $128,000. The Manufacturers Life Insurance Company boosted its holdings in Morningstar by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after purchasing an additional 98 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in Morningstar during the fourth quarter worth $203,000. Institutional investors and hedge funds own 40.72% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Morningstar (MORN) Lifted to “Strong-Buy” at BidaskClub” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3298818/morningstar-morn-lifted-to-strong-buy-at-bidaskclub.html.
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.