Morningstar, Inc. (NASDAQ:MORN) Director Gail S. Landis sold 500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total value of $42,500.00. Following the completion of the sale, the director now directly owns 7,381 shares of the company’s stock, valued at $627,385. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Morningstar, Inc. (MORN) opened at 84.99 on Friday. The stock has a market capitalization of $3.61 billion, a P/E ratio of 22.30 and a beta of 0.75. The firm’s 50-day moving average price is $81.96 and its 200 day moving average price is $78.27. Morningstar, Inc. has a 1-year low of $67.74 and a 1-year high of $85.20.

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Separately, BidaskClub downgraded Morningstar from a “hold” rating to a “sell” rating in a research note on Friday, June 9th.

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in Morningstar by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 62,243 shares of the business services provider’s stock worth $4,876,000 after purchasing an additional 1,264 shares in the last quarter. Verition Fund Management LLC acquired a new position in Morningstar in the second quarter worth about $278,000. The Manufacturers Life Insurance Company grew its stake in Morningstar by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after purchasing an additional 98 shares in the last quarter. State Street Corp grew its stake in Morningstar by 7.0% in the second quarter. State Street Corp now owns 286,049 shares of the business services provider’s stock worth $22,415,000 after purchasing an additional 18,730 shares in the last quarter. Finally, Black Creek Investment Management Inc. acquired a new position in Morningstar in the second quarter worth about $1,684,000. Institutional investors and hedge funds own 38.31% of the company’s stock.

Morningstar Company Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

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