Joseph Mansueto Sells 7,250 Shares of Morningstar (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $171.02, for a total transaction of $1,239,895.00. Following the completion of the sale, the chairman owned 8,136,242 shares of the company’s stock, valued at approximately $1,391,460,106.84. This represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Price Performance

MORN opened at $166.56 on Wednesday. The stock has a market cap of $6.33 billion, a P/E ratio of 16.96 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Morningstar, Inc. has a 12 month low of $149.08 and a 12 month high of $316.71. The company has a fifty day simple moving average of $176.85 and a 200 day simple moving average of $195.83.

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

Hedge Funds Weigh In On Morningstar

A number of large investors have recently modified their holdings of MORN. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Morningstar during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Morningstar during the 3rd quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new position in shares of Morningstar during the 2nd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Morningstar during the 4th quarter worth about $35,000. Finally, True Wealth Design LLC boosted its stake in shares of Morningstar by 120.5% during the 4th quarter. True Wealth Design LLC now owns 172 shares of the business services provider’s stock worth $37,000 after buying an additional 94 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MORN shares. UBS Group set a $280.00 target price on shares of Morningstar in a research note on Friday, February 13th. Weiss Ratings lowered shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BMO Capital Markets reduced their target price on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Morningstar has an average rating of “Hold” and a consensus target price of $236.50.

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.