Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph Mansueto sold 5,659 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $218.84, for a total value of $1,238,415.56. Following the transaction, the chairman owned 7,938,192 shares in the company, valued at approximately $1,737,193,937.28. This trade represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Stock Performance
Shares of Morningstar stock traded up $1.53 on Monday, reaching $217.50. The stock had a trading volume of 262,784 shares, compared to its average volume of 508,600. The business’s 50-day moving average price is $178.94 and its two-hundred day moving average price is $176.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.06 and a current ratio of 1.06. Morningstar, Inc. has a fifty-two week low of $141.49 and a fifty-two week high of $265.73. The stock has a market cap of $8.16 billion, a P/E ratio of 20.60 and a beta of 0.99.
Morningstar (NASDAQ:MORN – Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.27. The business had revenue of $663.20 million for the quarter, compared to analyst estimates of $649.72 million. Morningstar had a net margin of 16.43% and a return on equity of 38.57%.
Analysts Set New Price Targets
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Institutional Investors Weigh In On Morningstar
Several hedge funds have recently made changes to their positions in MORN. Grove Bank & Trust bought a new position in Morningstar during the second quarter valued at about $25,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Morningstar in the 1st quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Morningstar during the 3rd quarter worth approximately $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of Morningstar during the 2nd quarter worth approximately $29,000. Finally, Quarry LP increased its position in shares of Morningstar by 51.2% during the fourth quarter. Quarry LP now owns 189 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the period. Institutional investors own 57.02% of the company’s stock.
Morningstar Company Profile
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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