Morningstar (NASDAQ:MORN) CFO Michael Holt Sells 270 Shares

Morningstar, Inc. (NASDAQ:MORN) CFO Michael Holt sold 270 shares of Morningstar stock in a transaction on Friday, May 15th. The shares were sold at an average price of $166.05, for a total value of $44,833.50. Following the completion of the transaction, the chief financial officer directly owned 12,326 shares of the company’s stock, valued at $2,046,732.30. This represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Michael Holt also recently made the following trade(s):

• On Wednesday, March 4th, Michael Holt acquired 1,000 shares of Morningstar stock. The stock was bought at an average cost of $186.59 per share, with a total value of $186,590.00.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $171.81 on Wednesday. The stock has a market capitalization of $6.53 billion, a PE ratio of 17.50 and a beta of 0.99. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $175.57 and a two-hundred day moving average price of $192.72. Morningstar, Inc. has a fifty-two week low of $149.08 and a fifty-two week high of $316.71.

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

Hedge Funds Weigh In On Morningstar

Several hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley increased its stake in shares of Morningstar by 2.4% in the 4th quarter. Morgan Stanley now owns 2,006,325 shares of the business services provider’s stock valued at $435,995,000 after purchasing an additional 47,360 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Morningstar by 9.2% in the 3rd quarter. Bamco Inc. NY now owns 1,414,305 shares of the business services provider’s stock valued at $328,133,000 after purchasing an additional 118,979 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Morningstar by 85.4% in the 4th quarter. Wellington Management Group LLP now owns 1,136,213 shares of the business services provider’s stock valued at $246,910,000 after purchasing an additional 523,387 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Morningstar by 48.0% in the 4th quarter. AQR Capital Management LLC now owns 900,297 shares of the business services provider’s stock valued at $195,644,000 after purchasing an additional 292,053 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Morningstar by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 517,769 shares of the business services provider’s stock valued at $87,514,000 after purchasing an additional 45,798 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MORN shares. Wall Street Zen raised Morningstar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. UBS Group set a $280.00 price objective on Morningstar in a report on Friday, February 13th. Finally, BMO Capital Markets decreased their price target on Morningstar from $257.00 to $193.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.