Free Trial

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

Morningstar logo with Business Services background
Remove Ads

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%.

Remove Ads

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.

Get Our Latest Report on Morningstar

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

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

Should You Invest $1,000 in Morningstar Right Now?

Before you consider Morningstar, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morningstar wasn't on the list.

While Morningstar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads