Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph D. Mansueto sold 12,650 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $298.12, for a total value of $3,771,218.00. Following the completion of the transaction, the chairman now directly owns 10,859,171 shares in the company, valued at $3,237,336,058.52. The transaction was disclosed in a filing with the SEC, which is available at this link.
Morningstar Price Performance
NASDAQ MORN opened at $295.19 on Wednesday. The business’s fifty day moving average price is $279.46 and its 200-day moving average price is $259.95. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 90.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.94. Morningstar, Inc. has a 1-year low of $163.28 and a 1-year high of $301.91.
Morningstar (NASDAQ:MORN – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.97 earnings per share for the quarter. The firm had revenue of $538.70 million for the quarter. Morningstar had a return on equity of 18.54% and a net margin of 6.92%.
Morningstar Increases Dividend
Institutional Investors Weigh In On Morningstar
Several hedge funds and other institutional investors have recently modified their holdings of MORN. Principal Securities Inc. purchased a new stake in shares of Morningstar in the 4th quarter worth $29,000. Meeder Asset Management Inc. increased its stake in shares of Morningstar by 7,500.0% in the 4th quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider’s stock worth $33,000 after purchasing an additional 150 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Morningstar by 60.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 173 shares of the business services provider’s stock worth $34,000 after purchasing an additional 65 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Morningstar in the 4th quarter worth $35,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Morningstar in the 3rd quarter worth $42,000. 57.02% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MORN has been the topic of several analyst reports. TheStreet raised Morningstar from a “c” rating to a “b” rating in a research report on Friday. StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st.
Check Out Our Latest Research Report on MORN
Morningstar Company Profile
Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.
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