Insider Selling: Morningstar (NASDAQ:MORN) Director Sells 1,000 Shares

Morningstar, Inc. (NASDAQ:MORN) Director William Lyons sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $199.00, for a total value of $199,000.00. Following the sale, the director owned 12,904 shares of the company’s stock, valued at approximately $2,567,896. This represents a 7.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Morningstar Stock Performance

Shares of Morningstar stock traded up $6.36 on Monday, hitting $198.93. The stock had a trading volume of 339,503 shares, compared to its average volume of 529,797. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 18.84 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.66. Morningstar, Inc. has a twelve month low of $141.49 and a twelve month high of $276.43. The business’s 50 day moving average is $172.26 and its two-hundred day moving average is $177.05.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.27. The business had revenue of $663.20 million during the quarter, compared to analysts’ expectations of $649.72 million. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MORN shares. Weiss Ratings cut shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. UBS Group lowered their price target on shares of Morningstar from $280.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $212.00 price objective on shares of Morningstar in a research note on Friday, June 26th. Rothschild & Co Redburn set a $210.00 price objective on shares of Morningstar in a research note on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $227.33.

Hedge Funds Weigh In On Morningstar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MORN. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Morningstar during the 4th quarter worth $25,000. Grove Bank & Trust acquired a new position in Morningstar in the second quarter valued at about $25,000. Cassaday & Co Wealth Management LLC acquired a new position in Morningstar in the first quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Morningstar during the third quarter worth about $26,000. Finally, Osterweis Capital Management Inc. acquired a new stake in Morningstar during the second quarter worth about $29,000. 57.02% of the stock is owned by institutional investors and hedge funds.

About Morningstar

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.