Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 15,896 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $130.98, for a total value of $2,082,058.08. Following the transaction, the insider now directly owns 23,089,903 shares in the company, valued at approximately $3,024,315,494.94. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, August 1st, Joseph D. Mansueto sold 8,510 shares of Morningstar stock. The stock was sold at an average price of $131.55, for a total value of $1,119,490.50.

MORN opened at $131.21 on Monday. Morningstar, Inc. has a 12-month low of $82.46 and a 12-month high of $144.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $5.59 billion, a PE ratio of 38.71 and a beta of 0.81.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. Morningstar had a return on equity of 17.53% and a net margin of 16.15%. The business had revenue of $252.40 million for the quarter.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in Morningstar by 300.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,176 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 1,632 shares in the last quarter. Connable Office Inc. bought a new stake in Morningstar during the second quarter valued at about $215,000. Creative Planning bought a new stake in Morningstar during the second quarter valued at about $217,000. Spectrum Asset Management Inc. NB CA bought a new stake in Morningstar during the second quarter valued at about $231,000. Finally, Meeder Asset Management Inc. bought a new stake in Morningstar during the second quarter valued at about $272,000. 39.62% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on MORN shares. BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. ValuEngine raised Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd.

Morningstar Company Profile

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.

Recommended Story: What are the reasons investors use put options?

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.