Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 9,062 shares of the company's stock in a transaction dated 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 trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Morningstar Price Performance
Morningstar stock traded up $4.45 during mid-day trading on Friday, hitting $286.94. 170,970 shares of the company were exchanged, 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 business's 50 day simple moving average is $318.39 and its two-hundred day simple moving average is $328.59. The company has a market capitalization of $12.29 billion, a P/E ratio of 37.90 and a beta of 1.23. Morningstar, Inc. has a 12-month low of $278.64 and a 12-month high of $365.00.
Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MORN shares. StockNews.com raised Morningstar from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets reduced their price target on Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a report on Monday, March 3rd.
Check Out Our Latest Stock Analysis on Morningstar
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new stake in shares of Morningstar during the fourth quarter worth about $915,000. Forum Financial Management LP acquired a new position in shares of Morningstar during the fourth quarter valued at $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Morningstar by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,337 shares of the business services provider's stock valued at $33,116,000 after purchasing an additional 9,658 shares during the period. Two Sigma Advisers LP grew its holdings in Morningstar by 795.7% during the fourth quarter. Two Sigma Advisers LP now owns 20,600 shares of the business services provider's stock worth $6,937,000 after acquiring an additional 18,300 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Morningstar during the fourth quarter worth about $12,203,000. Institutional investors and hedge funds own 57.02% of the company's stock.
Morningstar Company Profile
(
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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.
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