Fisher Asset Management LLC Sells 12,597 Shares of Morningstar, Inc. (MORN)

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Fisher Asset Management LLC decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 30.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,003 shares of the business services provider’s stock after selling 12,597 shares during the quarter. Fisher Asset Management LLC owned about 0.07% of Morningstar worth $3,651,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Connable Office Inc. purchased a new position in Morningstar during the second quarter valued at $215,000. Creative Planning purchased a new position in Morningstar during the second quarter valued at $217,000. Spectrum Asset Management Inc. NB CA purchased a new position in Morningstar during the second quarter valued at $231,000. Meeder Asset Management Inc. purchased a new position in Morningstar during the second quarter valued at $272,000. Finally, State of Alaska Department of Revenue raised its stake in Morningstar by 25.6% during the second quarter. State of Alaska Department of Revenue now owns 2,160 shares of the business services provider’s stock valued at $277,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 39.53% of the company’s stock.

Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 20th.

In other Morningstar news, Director Gail S. Landis sold 2,000 shares of Morningstar stock in a transaction on Monday, October 29th. The stock was sold at an average price of $129.75, for a total value of $259,500.00. Following the completion of the sale, the director now owns 4,686 shares of the company’s stock, valued at approximately $608,008.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William M. Lyons sold 625 shares of Morningstar stock in a transaction on Monday, October 15th. The stock was sold at an average price of $111.38, for a total value of $69,612.50. Following the completion of the sale, the director now directly owns 15,502 shares of the company’s stock, valued at approximately $1,726,612.76. The disclosure for this sale can be found here. In the last three months, insiders sold 332,655 shares of company stock valued at $44,599,107. Corporate insiders own 57.50% of the company’s stock.

Morningstar stock opened at $124.80 on Thursday. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 32.47 and a beta of 0.82. Morningstar, Inc. has a 12 month low of $84.83 and a 12 month high of $144.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.71 and a quick ratio of 1.71.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Tuesday, October 16th.

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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