Insider Selling: Morningstar (NASDAQ:MORN) Chairman Sells $1,510,102.50 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of Morningstar stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $208.29, for a total transaction of $1,510,102.50. Following the sale, the chairman owned 8,624,167 shares in the company, valued at approximately $1,796,327,744.43. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Morningstar Trading Up 1.7%

Shares of NASDAQ MORN opened at $212.84 on Friday. The firm has a 50 day moving average price of $222.28 and a two-hundred day moving average price of $264.68. The stock has a market cap of $8.75 billion, a P/E ratio of 24.21 and a beta of 1.06. Morningstar, Inc. has a 52-week low of $202.89 and a 52-week high of $365.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MORN. Weiss Ratings restated a “hold (c-)” rating on shares of Morningstar in a research report on Thursday. BMO Capital Markets set a $250.00 price target on shares of Morningstar in a report on Thursday, October 30th. Finally, UBS Group dropped their price target on shares of Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bamco Inc. NY grew its holdings in Morningstar by 9.2% during the third quarter. Bamco Inc. NY now owns 1,414,305 shares of the business services provider’s stock worth $328,133,000 after buying an additional 118,979 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Morningstar by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 626,941 shares of the business services provider’s stock worth $196,839,000 after acquiring an additional 11,408 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Morningstar by 106.9% during the 3rd quarter. AQR Capital Management LLC now owns 608,244 shares of the business services provider’s stock worth $141,119,000 after acquiring an additional 314,275 shares during the last quarter. Millennium Management LLC grew its stake in shares of Morningstar by 88.0% in the 1st quarter. Millennium Management LLC now owns 540,795 shares of the business services provider’s stock worth $162,168,000 after acquiring an additional 253,137 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Morningstar by 26.7% in the third quarter. Dimensional Fund Advisors LP now owns 420,127 shares of the business services provider’s stock valued at $97,482,000 after purchasing an additional 88,496 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Company Profile

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.