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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $169.97, for a total value of $1,232,282.50. Following the completion of the transaction, the chairman directly owned 8,128,992 shares of the company’s stock, valued at approximately $1,381,684,770.24. The trade was a 0.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Stock Performance

Shares of MORN traded down $1.36 during trading hours on Monday, reaching $167.67. 489,829 shares of the company’s stock traded hands, compared to its average volume of 558,778. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 17.07 and a beta of 0.99. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. Morningstar, Inc. has a twelve month low of $149.08 and a twelve month high of $316.71. The business’s fifty day simple moving average is $176.71 and its two-hundred day simple moving average is $196.21.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.77. Morningstar had a net margin of 16.06% and a return on equity of 33.14%. The firm had revenue of $644.80 million during the quarter, compared to analyst estimates of $626.91 million.

Analyst Ratings Changes

MORN has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings downgraded Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group set a $280.00 price objective on Morningstar in a research note on Friday, February 13th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $236.50.

Hedge Funds Weigh In On Morningstar

Several large investors have recently made changes to their positions in MORN. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Morningstar during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Morningstar in the third quarter valued at $26,000. Osterweis Capital Management Inc. bought a new position in shares of Morningstar in the second quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Morningstar during the 4th quarter valued at $35,000. Finally, True Wealth Design LLC lifted its position in shares of Morningstar by 120.5% during the 4th quarter. True Wealth Design LLC now owns 172 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Company Profile

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.