Michael Holt Sells 270 Shares of Morningstar (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) CFO Michael Holt sold 270 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $166.05, for a total value of $44,833.50. Following the completion of the transaction, the chief financial officer directly owned 12,326 shares in the company, valued at approximately $2,046,732.30. This trade represents a 2.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Holt also recently made the following trade(s):

• On Wednesday, March 4th, Michael Holt acquired 1,000 shares of Morningstar stock. The stock was purchased at an average price of $186.59 per share, with a total value of $186,590.00.

Morningstar Trading Down 3.0%

Shares of MORN traded down $5.26 during trading hours on Tuesday, reaching $171.81. The stock had a trading volume of 739,393 shares, compared to its average volume of 573,966. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Morningstar, Inc. has a 52 week low of $149.08 and a 52 week high of $316.71. The firm has a 50-day moving average of $175.57 and a 200 day moving average of $192.72. The company has a market cap of $6.53 billion, a P/E ratio of 17.50 and a beta of 0.99.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.77. Morningstar had a net margin of 16.06% and a return on equity of 33.14%. The business had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $626.91 million.

Wall Street Analysts Forecast Growth

MORN has been the subject of a number of research reports. UBS Group set a $280.00 target price on Morningstar in a report on Friday, February 13th. BMO Capital Markets lowered their target price on Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Weiss Ratings cut Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Finally, Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Morningstar currently has an average rating of “Hold” and a consensus price target of $236.50.

Hedge Funds Weigh In On Morningstar

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 34 shares in the last quarter. WPG Advisers LLC grew its holdings in shares of Morningstar by 36.0% in the 4th quarter. WPG Advisers LLC now owns 185 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 49 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Morningstar by 3.9% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,423 shares of the business services provider’s stock valued at $309,000 after acquiring an additional 54 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Morningstar by 54.2% in the 3rd quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 58 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Morningstar by 51.2% in the 4th quarter. Quarry LP now owns 189 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

About Morningstar

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.