Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph D. Mansueto sold 54 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $312.55, for a total transaction of $16,877.70. Following the transaction, the chairman now owns 10,525,738 shares of the company’s stock, valued at approximately $3,289,819,411.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Morningstar Trading Down 2.3 %
Shares of MORN opened at $304.72 on Friday. The stock has a market capitalization of $13.03 billion, a PE ratio of 61.56 and a beta of 1.18. The company’s fifty day moving average is $309.14 and its 200 day moving average is $301.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. Morningstar, Inc. has a fifty-two week low of $219.45 and a fifty-two week high of $330.22.
Morningstar (NASDAQ:MORN – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The company had revenue of $571.90 million during the quarter.
Morningstar Announces Dividend
Analysts Set New Price Targets
Separately, BMO Capital Markets restated an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th.
View Our Latest Analysis on Morningstar
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Scout Investments Inc. raised its position in Morningstar by 75.8% in the 1st quarter. Scout Investments Inc. now owns 42,549 shares of the business services provider’s stock worth $13,034,000 after purchasing an additional 18,345 shares during the period. SG Americas Securities LLC boosted its holdings in Morningstar by 506.2% during the 1st quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider’s stock valued at $4,071,000 after acquiring an additional 11,024 shares during the period. M&G Plc grew its position in Morningstar by 2.0% in the 2nd quarter. M&G Plc now owns 173,105 shares of the business services provider’s stock valued at $51,239,000 after acquiring an additional 3,322 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Morningstar by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider’s stock worth $152,834,000 after purchasing an additional 5,240 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of Morningstar during the first quarter valued at $20,986,000. Institutional investors own 57.02% of the company’s stock.
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.
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