Joseph Mansueto Sells 4,093 Shares of Morningstar (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 4,093 shares of Morningstar stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $211.61, for a total value of $866,119.73. Following the sale, the chairman owned 8,675,304 shares of the company’s stock, valued at approximately $1,835,781,079.44. This trade represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Morningstar Price Performance

Shares of NASDAQ MORN traded up $3.85 during mid-day trading on Friday, reaching $215.49. 613,977 shares of the company were exchanged, compared to its average volume of 277,982. Morningstar, Inc. has a 52 week low of $202.89 and a 52 week high of $365.00. The company’s 50 day moving average price is $232.20 and its 200 day moving average price is $270.12. The stock has a market capitalization of $8.86 billion, a PE ratio of 24.52 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.13. Morningstar had a net margin of 15.70% and a return on equity of 24.68%. The company had revenue of $617.40 million during the quarter, compared to analysts’ expectations of $603.29 million.

Institutional Trading of Morningstar

A number of hedge funds have recently made changes to their positions in the stock. Hughes Financial Services LLC purchased a new position in Morningstar during the first quarter valued at $25,000. Osterweis Capital Management Inc. bought a new position in shares of Morningstar during the second quarter valued at $29,000. Quent Capital LLC purchased a new position in shares of Morningstar in the 3rd quarter worth about $38,000. IFP Advisors Inc boosted its stake in Morningstar by 270.3% in the 2nd quarter. IFP Advisors Inc now owns 137 shares of the business services provider’s stock worth $43,000 after purchasing an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Morningstar by 5,066.7% in the 1st quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock worth $46,000 after purchasing an additional 152 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MORN has been the topic of a number of research reports. BMO Capital Markets set a $250.00 target price on shares of Morningstar in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Morningstar in a research report on Wednesday, October 8th. Finally, UBS Group reduced their target price on Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.