Morningstar (NASDAQ:MORN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, BidAskClub reports.

Shares of NASDAQ MORN opened at $141.19 on Monday. The stock has a market capitalization of $6.12 billion, a PE ratio of 37.15 and a beta of 0.86. Morningstar has a fifty-two week low of $99.67 and a fifty-two week high of $149.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The company has a fifty day moving average of $140.05.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 earnings per share for the quarter. The company had revenue of $258.90 million during the quarter. Morningstar had a return on equity of 17.95% and a net margin of 16.84%.

In other news, Chairman Joseph D. Mansueto sold 345 shares of Morningstar stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $135.10, for a total value of $46,609.50. Following the completion of the transaction, the chairman now directly owns 22,118,872 shares in the company, valued at $2,988,259,607.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 10,414 shares of Morningstar stock in a transaction on Friday, March 29th. The shares were sold at an average price of $124.96, for a total value of $1,301,333.44. Following the completion of the transaction, the chairman now owns 22,247,386 shares of the company’s stock, valued at $2,780,033,354.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,199 shares of company stock valued at $45,163,630. 54.10% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. United Services Automobile Association grew its position in Morningstar by 4.6% during the fourth quarter. United Services Automobile Association now owns 6,052 shares of the business services provider’s stock worth $665,000 after buying an additional 268 shares in the last quarter. Marshall Wace LLP grew its position in Morningstar by 419.5% during the first quarter. Marshall Wace LLP now owns 45,544 shares of the business services provider’s stock worth $5,738,000 after buying an additional 36,777 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Morningstar by 4.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 60,147 shares of the business services provider’s stock worth $6,607,000 after buying an additional 2,450 shares in the last quarter. American Capital Management Inc. grew its position in Morningstar by 0.5% during the first quarter. American Capital Management Inc. now owns 212,805 shares of the business services provider’s stock worth $26,811,000 after buying an additional 1,115 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in Morningstar during the fourth quarter worth about $315,000. Institutional investors and hedge funds own 42.72% of the company’s stock.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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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