Joseph D. Mansueto Sells 9,062 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 9,062 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total value of $2,557,749.50. Following the sale, the chairman now owns 10,038,270 shares in the company, valued at approximately $2,833,301,707.50. This represents a 0.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Morningstar Stock Performance

NASDAQ MORN traded up $4.45 on Friday, reaching $286.94. The stock had a trading volume of 170,970 shares, compared to its average volume of 145,532. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average of $318.39 and a two-hundred day moving average of $328.85. Morningstar, Inc. has a 1-year low of $278.64 and a 1-year high of $365.00. The company has a market cap of $12.29 billion, a P/E ratio of 37.90 and a beta of 1.23.

Morningstar (NASDAQ:MORN - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.15. The firm had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

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Analyst Ratings Changes

MORN has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price on Morningstar from $387.00 to $370.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. StockNews.com raised Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 27th.

Institutional Trading of Morningstar

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Morningstar by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,803,611 shares of the business services provider's stock worth $944,144,000 after acquiring an additional 51,598 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Morningstar by 9.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider's stock valued at $383,489,000 after acquiring an additional 102,206 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Morningstar by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider's stock valued at $363,903,000 after acquiring an additional 130,087 shares in the last quarter. State Street Corp increased its holdings in shares of Morningstar by 3.7% during the third quarter. State Street Corp now owns 804,293 shares of the business services provider's stock valued at $256,666,000 after acquiring an additional 28,698 shares in the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Morningstar by 13.9% during the third quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider's stock valued at $222,115,000 after acquiring an additional 85,098 shares in the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

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.