Morningstar (NASDAQ:MORN) Chairman Joseph Mansueto Sells 7,250 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $207.04, for a total value of $1,501,040.00. Following the completion of the sale, the chairman owned 7,969,696 shares in the company, valued at approximately $1,650,045,859.84. The trade was a 0.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Stock Performance

Shares of NASDAQ:MORN opened at $213.65 on Thursday. The firm’s 50 day simple moving average is $177.32 and its 200-day simple moving average is $176.29. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.06 and a current ratio of 1.06. Morningstar, Inc. has a one year low of $141.49 and a one year high of $266.05. The firm has a market cap of $8.01 billion, a PE ratio of 20.23 and a beta of 0.99.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $2.83 by $0.27. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.The company had revenue of $663.20 million for the quarter, compared to the consensus estimate of $649.72 million.

Institutional Investors Weigh In On Morningstar

A number of large investors have recently made changes to their positions in MORN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Morningstar by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 34 shares during the last quarter. WPG Advisers LLC boosted its stake in Morningstar by 36.0% during the fourth quarter. WPG Advisers LLC now owns 185 shares of the business services provider’s stock worth $40,000 after buying an additional 49 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in 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 buying an additional 54 shares in the last quarter. Quarry LP increased its stake in shares of Morningstar by 51.2% in the 4th quarter. Quarry LP now owns 189 shares of the business services provider’s stock worth $41,000 after acquiring an additional 64 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of Morningstar by 4.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,641 shares of the business services provider’s stock worth $350,000 after acquiring an additional 74 shares during the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MORN has been the topic of several research reports. Rothschild & Co Redburn set a $210.00 price objective on shares of Morningstar in a report on Thursday, June 18th. UBS Group dropped their target price on Morningstar from $280.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating and issued a $212.00 price objective on shares of Morningstar in a research report on Friday, June 26th. Wall Street Zen raised Morningstar from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings upgraded Morningstar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $227.33.

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.