Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $282.25, for a total value of $2,557,749.50. Following the sale, the chairman now directly owns 10,038,270 shares in the company, valued at $2,833,301,707.50. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Morningstar Trading Down 1.8 %
NASDAQ MORN opened at $282.49 on Friday. The firm has a market capitalization of $12.10 billion, a PE ratio of 37.32 and a beta of 1.23. The business’s 50-day moving average price is $319.35 and its two-hundred day moving average price is $328.76. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. 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 announced its earnings results on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.99 by $0.15. The business had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.
Institutional Investors Weigh In On Morningstar
Wall Street Analysts Forecast Growth
MORN has been the subject of a number of research reports. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets dropped their price target on shares of Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.
View Our Latest Stock Report on MORN
About Morningstar
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.
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