Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 9,062 Shares of Stock

Morningstar, Inc. (NASDAQ:MORNGet 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:MORNGet 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

Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new position in Morningstar in the fourth quarter valued at $915,000. Forum Financial Management LP bought a new position in shares of Morningstar in the 4th quarter worth about $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Morningstar by 10.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,337 shares of the business services provider’s stock valued at $33,116,000 after purchasing an additional 9,658 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Morningstar by 795.7% in the 4th quarter. Two Sigma Advisers LP now owns 20,600 shares of the business services provider’s stock valued at $6,937,000 after purchasing an additional 18,300 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of Morningstar during the 4th quarter valued at about $12,203,000. 57.02% of the stock is owned by institutional investors.

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

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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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