Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $2,557,749.50 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total value of $2,557,749.50. Following the completion of the sale, the chairman now directly owns 10,038,270 shares of the company’s stock, valued at approximately $2,833,301,707.50. This represents a 0.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Morningstar Stock Performance

NASDAQ:MORN opened at $286.94 on Friday. The firm has a market cap of $12.29 billion, a PE ratio of 37.90 and a beta of 1.23. Morningstar, Inc. has a fifty-two week low of $278.64 and a fifty-two week high of $365.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day moving average price of $318.39 and a 200-day moving average price of $328.72.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The company had revenue of $591.00 million during the quarter, compared to analyst estimates of $580.81 million.

Analyst Ratings Changes

A number of research firms have recently weighed in on MORN. BMO Capital Markets dropped their price objective on Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th.

Hedge Funds Weigh In On Morningstar

A number of institutional investors have recently added to or reduced their stakes in MORN. Smartleaf Asset Management LLC raised its holdings in Morningstar by 178.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in Morningstar in the fourth quarter worth $28,000. Venturi Wealth Management LLC raised its holdings in Morningstar by 101.7% in the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after purchasing an additional 61 shares in the last quarter. R Squared Ltd bought a new position in Morningstar in the fourth quarter worth $40,000. Finally, V Square Quantitative Management LLC raised its holdings in Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock worth $47,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Company Profile

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.