Morningstar (NASDAQ:MORN) Chairman Joseph Mansueto Sells 316 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 316 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $211.99, for a total transaction of $66,988.84. Following the transaction, the chairman directly owned 8,602,101 shares of the company’s stock, valued at $1,823,559,390.99. This represents a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Morningstar Stock Up 0.1%

Shares of NASDAQ MORN traded up $0.17 during trading on Thursday, reaching $213.72. The company had a trading volume of 219,058 shares, compared to its average volume of 278,274. The stock has a market cap of $8.79 billion, a PE ratio of 24.31 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. The business’s 50-day moving average is $220.14 and its 200 day moving average is $262.80. Morningstar, Inc. has a 12-month low of $202.89 and a 12-month high of $365.00.

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

Analyst Ratings Changes

Several equities analysts have recently commented on MORN shares. 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 report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Morningstar in a report on Thursday, November 20th. Finally, BMO Capital Markets set a $250.00 price target on Morningstar in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $285.00.

Hedge Funds Weigh In On Morningstar

Large investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of Morningstar during the 3rd quarter worth about $26,000. Osterweis Capital Management Inc. purchased a new position in Morningstar during the 2nd quarter valued at $29,000. Quent Capital LLC purchased a new stake in shares of Morningstar during the third quarter valued at $38,000. Clearstead Advisors LLC grew its holdings in shares of Morningstar by 54.2% in the third quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 58 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in 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 buying an additional 100 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

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.