Morningstar (NASDAQ:MORN) Chairman Sells $1,463,340.00 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $201.84, for a total transaction of $1,463,340.00. Following the completion of the sale, the chairman owned 7,999,670 shares in the company, valued at approximately $1,614,653,392.80. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Price Performance

Shares of MORN stock opened at $207.41 on Friday. 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 12-month low of $141.49 and a 12-month high of $266.05. The firm has a fifty day moving average of $175.79 and a 200-day moving average of $176.39. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 19.64 and a beta of 0.99.

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

Institutional Trading of Morningstar

A number of institutional investors have recently modified their holdings of MORN. Grove Bank & Trust bought a new position in shares of Morningstar during the second quarter worth about $25,000. Cassaday & Co Wealth Management LLC acquired a new position in Morningstar during the 1st quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in Morningstar during the 3rd quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new position in shares of Morningstar during the 2nd quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Morningstar during the 4th quarter worth approximately $35,000. 57.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MORN shares. UBS Group cut their price objective on Morningstar from $280.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. BMO Capital Markets reissued an “outperform” rating and set a $212.00 target price on shares of Morningstar in a research note on Friday, June 26th. Weiss Ratings downgraded shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Rothschild & Co Redburn set a $210.00 price target 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 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 currently has an average rating of “Hold” and an average price target of $227.33.

Morningstar Company Profile

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.