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 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 transaction, the chairman now directly owns 10,038,270 shares of the company's stock, valued at approximately $2,833,301,707.50. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Morningstar Stock Performance

Shares of MORN stock traded up $4.45 during trading hours on Friday, reaching $286.94. 170,970 shares of the company's stock were exchanged, compared to its average volume of 145,532. 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. The company's 50 day moving average is $318.39 and its two-hundred day moving average is $328.72. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14.

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

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MORN. 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 objective on Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Morningstar

Several hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in shares of Morningstar by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider's stock worth $1,895,000 after purchasing an additional 37 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Morningstar by 15.9% during the fourth quarter. Versant Capital Management Inc now owns 285 shares of the business services provider's stock worth $96,000 after purchasing an additional 39 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Morningstar by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,259 shares of the business services provider's stock worth $402,000 after buying an additional 41 shares during the period. Deutsche Bank AG raised its position in shares of Morningstar by 2.4% in the 4th quarter. Deutsche Bank AG now owns 1,798 shares of the business services provider's stock worth $605,000 after buying an additional 42 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Morningstar by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock worth $47,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 57.02% of the company's stock.

Morningstar Company Profile

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.