Joseph D. Mansueto Sells 18,301 Shares of Morningstar, Inc. (MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 18,301 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $121.99, for a total value of $2,232,538.99. Following the transaction, the insider now directly owns 22,299,994 shares in the company, valued at $2,720,376,268.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Morningstar stock opened at $122.09 on Friday. Morningstar, Inc. has a 12-month low of $93.25 and a 12-month high of $144.34. The firm has a market cap of $5.18 billion, a P/E ratio of 32.14 and a beta of 0.83. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.07.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.13. Morningstar had a return on equity of 18.22% and a net margin of 17.94%. The business had revenue of $262.70 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.12 annualized dividend and a yield of 0.92%.

A number of equities analysts have recently weighed in on MORN shares. BidaskClub raised Morningstar from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. ValuEngine upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd.

A number of institutional investors have recently made changes to their positions in MORN. FMR LLC grew its holdings in Morningstar by 57.2% during the fourth quarter. FMR LLC now owns 1,228,505 shares of the business services provider’s stock worth $134,940,000 after buying an additional 447,111 shares in the last quarter. Mawer Investment Management Ltd. bought a new position in Morningstar in the 4th quarter valued at $31,678,000. Norges Bank bought a new position in Morningstar in the 4th quarter valued at $31,613,000. Eagle Asset Management Inc. bought a new position in Morningstar in the 3rd quarter valued at $34,399,000. Finally, Carillon Tower Advisers Inc. bought a new position in Morningstar in the 3rd quarter valued at $27,288,000. Institutional investors and hedge funds own 41.72% of the company’s stock.

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About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

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