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 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.

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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.

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

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.