Joseph Mansueto Sells 7,250 Shares of Morningstar (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $211.03, for a total transaction of $1,529,967.50. Following the completion of the transaction, the chairman owned 8,679,397 shares of the company’s stock, valued at $1,831,613,148.91. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Morningstar Stock Performance

NASDAQ MORN opened at $215.49 on Friday. The company’s 50 day simple moving average is $231.27 and its two-hundred day simple moving average is $269.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. Morningstar, Inc. has a 1 year low of $202.89 and a 1 year high of $365.00. The stock has a market capitalization of $8.86 billion, a PE ratio of 24.52 and a beta of 1.06.

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

Analyst Ratings Changes

Several research firms have weighed in on MORN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Morningstar in a report on Wednesday, October 8th. BMO Capital Markets set a $250.00 price objective on shares of Morningstar in a research report on Thursday, October 30th. Finally, UBS Group lowered their target price on shares of Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Morningstar currently has an average rating of “Moderate Buy” and an average price target of $285.00.

Hedge Funds Weigh In On Morningstar

Large investors have recently modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in Morningstar in the first quarter worth approximately $25,000. Osterweis Capital Management Inc. purchased a new stake in shares of Morningstar in the 2nd quarter valued at $29,000. Quent Capital LLC purchased a new stake in shares of Morningstar in the 3rd quarter valued at $38,000. IFP Advisors Inc grew its holdings in shares of Morningstar by 270.3% during the 2nd quarter. IFP Advisors Inc now owns 137 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC raised its position 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 during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

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.