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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of Morningstar stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $199.20, for a total transaction of $1,444,200.00. Following the completion of the sale, the chairman directly owned 8,030,942 shares in the company, valued at $1,599,763,646.40. This represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Stock Performance

NASDAQ:MORN opened at $196.57 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $7.37 billion, a PE ratio of 18.61 and a beta of 0.99. Morningstar, Inc. has a fifty-two week low of $141.49 and a fifty-two week high of $266.05. The company has a fifty day moving average of $173.88 and a two-hundred day moving average of $176.55.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MORN. Osterweis Capital Management Inc. purchased a new stake in shares of Morningstar in the 2nd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Morningstar during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Morningstar in the 4th quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in Morningstar in the 1st quarter valued at approximately $26,000. Finally, Grove Bank & Trust purchased a new stake in Morningstar in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and issued a $212.00 target price on shares of Morningstar in a research report on Friday, June 26th. Rothschild & Co Redburn set a $210.00 price objective on Morningstar in a research note on Thursday, June 18th. Weiss Ratings lowered Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. UBS Group lowered their target price on shares of Morningstar from $280.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Wall Street Zen raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $227.33.

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.