Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Director William M. Lyons sold 750 shares of Morningstar stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total value of $248,910.00. Following the completion of the sale, the director now directly owns 12,840 shares of the company’s stock, valued at approximately $4,261,339.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Morningstar Stock Performance
Shares of MORN traded down $3.11 during trading hours on Wednesday, hitting $330.21. The stock had a trading volume of 151,314 shares, compared to its average volume of 115,385. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. Morningstar, Inc. has a 12 month low of $247.16 and a 12 month high of $349.07. The firm has a market capitalization of $14.12 billion, a PE ratio of 67.34 and a beta of 1.19. The stock has a fifty day moving average price of $322.12 and a 200 day moving average price of $307.46.
Morningstar (NASDAQ:MORN – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.01). Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The firm had revenue of $569.40 million during the quarter.
Morningstar Dividend Announcement
Analyst Ratings Changes
MORN has been the subject of a number of research analyst reports. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a report on Wednesday, October 9th. BMO Capital Markets reissued an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. Finally, UBS Group initiated coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $360.67.
Read Our Latest Analysis on MORN
Hedge Funds Weigh In On Morningstar
Several institutional investors and hedge funds have recently bought and sold shares of MORN. V Square Quantitative Management LLC purchased a new position in Morningstar during the third quarter valued at $30,000. Blue Trust Inc. lifted its position in Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 85 shares in the last quarter. Crewe Advisors LLC purchased a new position in Morningstar during the second quarter valued at $35,000. DT Investment Partners LLC purchased a new position in Morningstar during the second quarter valued at $36,000. Finally, Acadian Asset Management LLC lifted its position in Morningstar by 73.8% during the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 62 shares in the last quarter. 57.02% of the stock is currently 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.
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