Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 19,432 shares of Morningstar stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $121.15, for a total transaction of $2,354,186.80. Following the sale, the insider now owns 22,278,376 shares of the company’s stock, valued at $2,699,025,252.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Joseph D. Mansueto also recently made the following trade(s):

  • On Thursday, March 21st, Joseph D. Mansueto sold 10,521 shares of Morningstar stock. The shares were sold at an average price of $122.11, for a total transaction of $1,284,719.31.

Shares of MORN opened at $124.55 on Friday. Morningstar, Inc. has a 1-year low of $93.25 and a 1-year high of $144.34. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 32.29 and a beta of 0.83. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.07.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. Morningstar had a net margin of 17.94% and a return on equity of 18.22%. The business had revenue of $262.70 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, April 4th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. TrimTabs Asset Management LLC purchased a new position in shares of Morningstar in the fourth quarter valued at approximately $1,216,000. BlueMountain Capital Management LLC boosted its stake in shares of Morningstar by 25.8% in the third quarter. BlueMountain Capital Management LLC now owns 10,103 shares of the business services provider’s stock valued at $1,272,000 after purchasing an additional 2,070 shares during the period. United Services Automobile Association boosted its stake in shares of Morningstar by 37.8% in the third quarter. United Services Automobile Association now owns 5,784 shares of the business services provider’s stock valued at $728,000 after purchasing an additional 1,587 shares during the period. TIAA CREF Investment Management LLC lifted its stake in Morningstar by 4.7% in the third quarter. TIAA CREF Investment Management LLC now owns 70,659 shares of the business services provider’s stock worth $8,896,000 after acquiring an additional 3,194 shares during the last quarter. Finally, Kepos Capital LP lifted its stake in Morningstar by 153.0% in the third quarter. Kepos Capital LP now owns 8,816 shares of the business services provider’s stock worth $1,110,000 after acquiring an additional 5,331 shares during the last quarter. 42.40% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on MORN shares. BidaskClub cut shares of Morningstar from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. ValuEngine upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.

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About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

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