Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 9,062 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total transaction of $2,557,749.50. Following the completion of the sale, the chairman now owns 10,038,270 shares in the company, valued at $2,833,301,707.50. This represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Morningstar Stock Up 1.6 %

NASDAQ MORN opened at $286.94 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $318.39 and a two-hundred day moving average of $328.59. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 37.90 and a beta of 1.23. Morningstar, Inc. has a 52 week low of $278.64 and a 52 week high of $365.00.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.99 by $0.15. The company had revenue of $591.00 million during the quarter, compared to analyst estimates of $580.81 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Morningstar by 178.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock worth $26,000 after buying an additional 50 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Morningstar during the fourth quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Morningstar during the fourth quarter valued at $40,000. Venturi Wealth Management LLC boosted its stake in shares of Morningstar by 101.7% during the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 61 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of Morningstar by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 46 shares during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

About Morningstar

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.