Morningstar (NASDAQ:MORN) Posts Quarterly Earnings Results

Morningstar (NASDAQ:MORN) posted its earnings results on Wednesday. The business services provider reported $2.01 EPS for the quarter, Zacks reports. The company had revenue of $571.90 million for the quarter. Morningstar had a return on equity of 22.83% and a net margin of 11.34%.

Morningstar Price Performance

Shares of MORN stock traded up $2.91 during trading on Friday, hitting $325.58. The company had a trading volume of 52,603 shares, compared to its average volume of 118,613. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $13.92 billion, a P/E ratio of 65.29 and a beta of 1.17. The stock’s 50-day moving average price is $297.01 and its 200 day moving average price is $294.12. Morningstar has a one year low of $213.38 and a one year high of $330.22.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio (DPR) is currently 32.73%.

Insider Activity at Morningstar

In related news, Director Caroline J. Tsay sold 290 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $296.98, for a total value of $86,124.20. Following the completion of the sale, the director now directly owns 3,925 shares in the company, valued at $1,165,646.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other Morningstar news, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $296.98, for a total transaction of $86,124.20. Following the completion of the sale, the director now directly owns 3,925 shares in the company, valued at $1,165,646.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Dubinsky sold 3,400 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $300.11, for a total value of $1,020,374.00. Following the sale, the chief financial officer now owns 20,181 shares of the company’s stock, valued at $6,056,519.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,952 shares of company stock worth $23,001,340. Company insiders own 39.90% of the company’s stock.

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.