Eqis Capital Management Inc. Buys 292 Shares of Morningstar, Inc. (NASDAQ:MORN)

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Eqis Capital Management Inc. boosted its stake in Morningstar, Inc. (NASDAQ:MORN) by 15.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,211 shares of the business services provider’s stock after purchasing an additional 292 shares during the quarter. Eqis Capital Management Inc.’s holdings in Morningstar were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. grew its stake in Morningstar by 9.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 2,445 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 216 shares during the period. Carillon Tower Advisers Inc. grew its stake in Morningstar by 5.5% in the third quarter. Carillon Tower Advisers Inc. now owns 252,885 shares of the business services provider’s stock valued at $36,957,000 after acquiring an additional 13,276 shares during the period. Eagle Asset Management Inc. grew its stake in Morningstar by 4.6% in the third quarter. Eagle Asset Management Inc. now owns 314,665 shares of the business services provider’s stock valued at $45,985,000 after acquiring an additional 13,736 shares during the period. SG Americas Securities LLC grew its stake in Morningstar by 20.6% in the third quarter. SG Americas Securities LLC now owns 1,111 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 190 shares during the period. Finally, First Trust Advisors LP grew its stake in Morningstar by 51.8% in the third quarter. First Trust Advisors LP now owns 96,815 shares of the business services provider’s stock valued at $14,149,000 after acquiring an additional 33,046 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

A number of research firms have issued reports on MORN. ValuEngine cut Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub cut Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.

NASDAQ:MORN opened at $155.79 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $152.73 and a two-hundred day moving average price of $149.61. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 37.77 and a beta of 0.81. Morningstar, Inc. has a 1 year low of $99.67 and a 1 year high of $163.93.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.28 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.12 annualized dividend and a yield of 0.72%.

In other news, insider Joseph D. Mansueto sold 20,353 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.12, for a total transaction of $3,177,510.36. Following the transaction, the insider now owns 21,603,529 shares in the company, valued at $3,372,742,947.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph D. Mansueto sold 22,411 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $156.42, for a total value of $3,505,528.62. Following the transaction, the insider now owns 21,629,592 shares in the company, valued at approximately $3,383,300,780.64. The disclosure for this sale can be found here. Insiders sold 302,933 shares of company stock worth $47,336,971 in the last 90 days. Corporate insiders own 54.10% of the company’s stock.

Morningstar 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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