Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph Mansueto sold 974 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $200.32, for a total value of $195,111.68. Following the sale, the chairman directly owned 7,998,696 shares of the company’s stock, valued at approximately $1,602,298,782.72. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Trading Up 1.1%
Shares of MORN stock opened at $197.51 on Thursday. The business’s 50 day moving average is $174.89 and its two-hundred day moving average is $176.20. Morningstar, Inc. has a twelve month low of $141.49 and a twelve month high of $266.05. The company has a market capitalization of $7.41 billion, a P/E ratio of 18.70 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.66.
Morningstar (NASDAQ:MORN – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $2.83 by $0.27. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.The business had revenue of $663.20 million during the quarter, compared to analysts’ expectations of $649.72 million.
More Morningstar News
- Neutral Sentiment: Chairman Joseph D. Mansueto sold a combined 15,474 shares for approximately $3.07 million between August 10 and August 12. The sales reduced his position by only about 0.19%, leaving him with roughly 7.99 million shares, so the transactions appear more consistent with scheduled diversification or liquidity needs than a strong signal about Morningstar’s outlook. SEC insider trading filing
- Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior reporting period, with a zero-day days-to-cover ratio. This suggests no measurable short-selling pressure, although the figures appear mechanically reported and offer little incremental insight into investor positioning.
- Neutral Sentiment: Morningstar’s published coverage included commentary that CoreWeave (CRWV) could eventually generate more than $100 billion in revenue as artificial-intelligence computing costs decline. This is an analyst/media item rather than a change to Morningstar’s own earnings outlook or operations. CRWV revenue outlook article
- Neutral Sentiment: Other recent Morningstar headlines covered oil, silver, copper and FTSE 100 market data, retirement planning, promotional deals, and an IBM–Together AI agreement. These items are generally unrelated to Morningstar, Inc.’s financial performance and are unlikely to materially affect MORN. Morningstar market coverage
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on MORN shares. Weiss Ratings downgraded shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Rothschild & Co Redburn set a $210.00 target price on shares of Morningstar in a research report on Thursday, June 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $212.00 target price on shares of Morningstar in a report on Friday, June 26th. UBS Group reduced their price target on shares of Morningstar from $280.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised Morningstar from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $227.33.
Check Out Our Latest Stock Analysis on Morningstar
Hedge Funds Weigh In On Morningstar
Hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock worth $53,000 after purchasing an additional 34 shares during the last quarter. WPG Advisers LLC grew its stake in Morningstar by 36.0% during the 4th quarter. WPG Advisers LLC now owns 185 shares of the business services provider’s stock worth $40,000 after buying an additional 49 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Morningstar by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,423 shares of the business services provider’s stock worth $309,000 after buying an additional 54 shares during the last quarter. Quarry LP increased its position in Morningstar by 51.2% in the fourth quarter. Quarry LP now owns 189 shares of the business services provider’s stock worth $41,000 after buying an additional 64 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in Morningstar by 4.7% in the third quarter. Diversify Advisory Services LLC now owns 1,641 shares of the business services provider’s stock valued at $350,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.
About Morningstar
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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