Joseph D. Mansueto Sells 25,992 Shares of Morningstar, Inc. (MORN) Stock

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Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 25,992 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $140.94, for a total value of $3,663,312.48. Following the completion of the sale, the insider now directly owns 23,186,816 shares in the company, valued at $3,267,949,847.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Joseph D. Mansueto also recently made the following trade(s):

  • On Wednesday, August 1st, Joseph D. Mansueto sold 8,510 shares of Morningstar stock. The stock was sold at an average price of $131.55, for a total value of $1,119,490.50.

Shares of MORN opened at $142.69 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.14. Morningstar, Inc. has a 52 week low of $79.54 and a 52 week high of $144.34. The company has a market capitalization of $6.07 billion, a PE ratio of 41.98 and a beta of 0.81.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. Morningstar had a return on equity of 17.53% and a net margin of 16.15%. The firm had revenue of $252.40 million for the quarter.

MORN has been the topic of a number of analyst reports. BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. ValuEngine raised Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd.

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Morningstar by 25.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,160 shares of the business services provider’s stock worth $277,000 after purchasing an additional 440 shares in the last quarter. US Bancorp DE lifted its position in Morningstar by 2.4% in the 1st quarter. US Bancorp DE now owns 19,745 shares of the business services provider’s stock valued at $1,886,000 after acquiring an additional 471 shares in the last quarter. Verition Fund Management LLC lifted its position in Morningstar by 13.7% in the 2nd quarter. Verition Fund Management LLC now owns 3,911 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 471 shares in the last quarter. Atria Investments LLC lifted its position in Morningstar by 25.5% in the 1st quarter. Atria Investments LLC now owns 2,625 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 534 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Morningstar by 18.0% in the 1st quarter. Principal Financial Group Inc. now owns 3,697 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 564 shares in the last quarter. 39.63% of the stock is currently owned by hedge funds and other institutional investors.

Morningstar Company Profile

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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