Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 9,203 shares of the business’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $128.51, for a total transaction of $1,182,677.53. Following the transaction, the insider now directly owns 23,058,333 shares in the company, valued at approximately $2,963,226,373.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $1,119,490.50.

MORN traded down $0.63 during trading on Thursday, reaching $126.60. 1,467 shares of the company’s stock were exchanged, compared to its average volume of 69,553. Morningstar, Inc. has a fifty-two week low of $82.64 and a fifty-two week high of $144.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $5.48 billion, a P/E ratio of 37.89 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 for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.28. Morningstar had a net margin of 16.15% and a return on equity of 17.53%. The firm had revenue of $252.40 million for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its stake in Morningstar by 25.6% during the second quarter. State of Alaska Department of Revenue now owns 2,160 shares of the business services provider’s stock worth $277,000 after buying an additional 440 shares in the last quarter. US Bancorp DE boosted its stake in shares of Morningstar by 2.4% in the 1st quarter. US Bancorp DE now owns 19,745 shares of the business services provider’s stock valued at $1,886,000 after purchasing an additional 471 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Morningstar by 13.7% in the 2nd quarter. Verition Fund Management LLC now owns 3,911 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 471 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Morningstar by 18.0% in the 1st quarter. Principal Financial Group Inc. now owns 3,697 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 564 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Morningstar by 2.1% in the 1st quarter. Swiss National Bank now owns 33,400 shares of the business services provider’s stock valued at $3,190,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 39.62% of the company’s stock.

MORN has been the topic of a number of recent research reports. BidaskClub downgraded shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 27th. ValuEngine upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note 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.

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