Morningstar (NASDAQ:MORN) Chairman Joseph Mansueto Sells 6,728 Shares

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Chairman Joseph Mansueto sold 6,728 shares of Morningstar stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $178.33, for a total value of $1,199,804.24. Following the sale, the chairman directly owned 8,060,262 shares in the company, valued at $1,437,386,522.46. The trade was a 0.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Stock Up 0.4%

Shares of Morningstar stock opened at $172.55 on Thursday. The business’s fifty day moving average price is $175.20 and its two-hundred day moving average price is $192.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $6.56 billion, a P/E ratio of 17.57 and a beta of 0.99. Morningstar, Inc. has a 1-year low of $149.08 and a 1-year high of $316.71.

Morningstar (NASDAQ:MORNGet Free Report) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.77. The firm had revenue of $644.80 million for the quarter, compared to the consensus estimate of $626.91 million. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MORN. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Morningstar during the fourth quarter valued at $25,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Morningstar during the first quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Morningstar during the third quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new position in shares of Morningstar during the second quarter valued at $29,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Morningstar during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Key Headlines Impacting Morningstar

Here are the key news stories impacting Morningstar this week:

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets cut their target price on Morningstar from $257.00 to $193.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings cut Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, UBS Group set a $280.00 price target on Morningstar in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $236.50.

Check Out Our Latest Stock Analysis on MORN

Morningstar Company Profile

(Get Free Report)

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.

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

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