Atria Investments LLC boosted its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 51.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,444 shares of the business services provider’s stock after purchasing an additional 1,516 shares during the quarter. Atria Investments LLC’s holdings in Morningstar were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in shares of Morningstar by 4.6% in the first quarter. Northern Trust Corp now owns 227,049 shares of the business services provider’s stock valued at $21,688,000 after acquiring an additional 9,963 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Morningstar by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 394,658 shares of the business services provider’s stock valued at $37,698,000 after acquiring an additional 23,656 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Morningstar by 300.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,176 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 1,632 shares during the period. Stifel Financial Corp raised its stake in shares of Morningstar by 38.2% in the first quarter. Stifel Financial Corp now owns 6,808 shares of the business services provider’s stock valued at $648,000 after acquiring an additional 1,883 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Morningstar by 18.0% in the first quarter. Principal Financial Group Inc. now owns 3,697 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 564 shares during the period. 39.62% of the stock is currently owned by institutional investors.

Shares of MORN opened at $114.19 on Friday. Morningstar, Inc. has a twelve month low of $82.64 and a twelve month high of $144.34. The firm has a market capitalization of $5.37 billion, a PE ratio of 37.14 and a beta of 0.82. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.14.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, July 25th. The business services provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.28. Morningstar had a net margin of 16.15% and a return on equity of 17.53%. The business had revenue of $252.40 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Tuesday, October 16th.

Separately, BidaskClub downgraded shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th.

In other news, Director William M. Lyons sold 625 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $133.54, for a total value of $83,462.50. Following the sale, the director now owns 16,752 shares of the company’s stock, valued at $2,237,062.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bevin Desmond sold 1,000 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $133.32, for a total transaction of $133,320.00. Following the completion of the transaction, the insider now owns 33,943 shares in the company, valued at $4,525,280.76. The disclosure for this sale can be found here. In the last three months, insiders sold 340,165 shares of company stock worth $45,592,418. Insiders own 57.50% of the company’s stock.

Morningstar Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. 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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