Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,827 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $161.33, for a total transaction of $1,424,059.91. Following the transaction, the chairman now owns 21,512,346 shares of the company’s stock, valued at $3,470,586,780.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The stock was sold at an average price of $151.78, for a total value of $1,280,264.30.
  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The shares were sold at an average price of $151.36, for a total value of $2,659,092.48.

NASDAQ:MORN traded down $0.41 during trading hours on Monday, hitting $160.42. The company’s stock had a trading volume of 1,770 shares, compared to its average volume of 78,119. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $162.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a fifty day simple moving average of $155.36 and a 200-day simple moving average of $140.34. The company has a market capitalization of $6.90 billion, a P/E ratio of 41.70 and a beta of 0.81.

Morningstar (NASDAQ:MORN) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.98 EPS for the quarter. Morningstar had a net margin of 16.52% and a return on equity of 17.36%. The firm had revenue of $273.90 million during the quarter.

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Morningstar by 26.5% in the first quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock worth $195,833,000 after purchasing an additional 325,848 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Morningstar by 114.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 219,592 shares of the business services provider’s stock worth $31,762,000 after acquiring an additional 117,093 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Morningstar in the 2nd quarter worth about $16,225,000. Mawer Investment Management Ltd. lifted its stake in shares of Morningstar by 34.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 387,300 shares of the business services provider’s stock valued at $48,796,000 after purchasing an additional 98,900 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Morningstar by 8.5% in the 2nd quarter. BlackRock Inc. now owns 885,567 shares of the business services provider’s stock valued at $128,087,000 after purchasing an additional 69,173 shares during the period. Institutional investors and hedge funds own 43.98% of the company’s stock.

Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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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