Joseph Mansueto Sells 1,070 Shares of Morningstar (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 1,070 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $211.12, for a total transaction of $225,898.40. Following the transaction, the chairman directly owned 8,631,417 shares in the company, valued at $1,822,264,757.04. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Morningstar Stock Up 0.2%

Shares of Morningstar stock opened at $210.22 on Thursday. The business has a 50-day moving average price of $224.12 and a 200 day moving average price of $265.84. Morningstar, Inc. has a fifty-two week low of $202.89 and a fifty-two week high of $365.00. The firm has a market cap of $8.65 billion, a P/E ratio of 23.92 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.42 by $0.13. Morningstar had a return on equity of 24.68% and a net margin of 15.70%.The company had revenue of $617.40 million during the quarter, compared to analyst estimates of $603.29 million.

Analyst Upgrades and Downgrades

A number of research firms have commented on MORN. UBS Group decreased their price objective on shares of Morningstar from $350.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Morningstar in a report on Wednesday, October 8th. Finally, BMO Capital Markets set a $250.00 price objective on shares of Morningstar in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Institutional Investors Weigh In On Morningstar

A number of hedge funds have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new position in Morningstar in the 3rd quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new position in shares of Morningstar during the second quarter worth approximately $29,000. Quent Capital LLC bought a new position in Morningstar in the 3rd quarter worth approximately $38,000. Clearstead Advisors LLC grew its holdings in Morningstar by 54.2% in the 3rd quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 58 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Morningstar by 270.3% in the 2nd quarter. IFP Advisors Inc now owns 137 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 100 shares during the period. 57.02% of the stock is currently owned by institutional investors.

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.