Insider Selling: Morningstar (NASDAQ:MORN) Director Sells $125,300.00 in Stock

Morningstar, Inc. (NASDAQ:MORN) Director William Lyons sold 700 shares of Morningstar stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $179.00, for a total value of $125,300.00. Following the sale, the director directly owned 13,904 shares in the company, valued at $2,488,816. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Morningstar Stock Up 1.1%

NASDAQ MORN opened at $182.02 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average is $174.63 and its two-hundred day moving average is $190.88. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 18.54 and a beta of 0.99. Morningstar, Inc. has a 1-year low of $149.08 and a 1-year high of $316.71.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.41 by $0.77. The business had revenue of $644.80 million for the quarter, compared to the consensus estimate of $626.91 million. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings downgraded Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. UBS Group set a $280.00 target price on Morningstar in a report on Friday, February 13th. BMO Capital Markets dropped their price objective on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $236.50.

Institutional Trading of Morningstar

Several institutional investors and hedge funds have recently made changes to their positions in MORN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Morningstar by 23.6% during 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 buying an additional 34 shares during the period. WPG Advisers LLC increased its stake 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 worth $40,000 after acquiring an additional 49 shares in the last quarter. Verdence Capital Advisors LLC increased its stake 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 worth $309,000 after acquiring an additional 54 shares in the last quarter. Clearstead Advisors LLC increased its stake in Morningstar by 54.2% during the 3rd quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 58 shares in the last quarter. Finally, Quarry LP increased its stake in Morningstar by 51.2% during the 4th quarter. Quarry LP now owns 189 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Company Profile

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.