Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,067 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $146.22, for a total transaction of $2,349,316.74. Following the transaction, the insider now owns 21,757,391 shares in the company, valued at approximately $3,181,365,712.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of MORN opened at $152.30 on Friday. The business’s fifty day simple moving average is $143.93. Morningstar, Inc. has a 12 month low of $99.67 and a 12 month high of $152.76. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 39.12 and a beta of 0.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.
Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%. The company had revenue of $258.90 million for the quarter.
Separately, BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Morningstar by 26.5% during the 1st quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock worth $195,833,000 after purchasing an additional 325,848 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Morningstar by 8.2% during the 1st quarter. Advisory Services Network LLC now owns 2,993 shares of the business services provider’s stock worth $378,000 after purchasing an additional 227 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of Morningstar by 604.5% during the 1st quarter. Marshall Wace North America L.P. now owns 3,734 shares of the business services provider’s stock worth $470,000 after purchasing an additional 3,204 shares in the last quarter. Marshall Wace LLP increased its position in shares of Morningstar by 419.5% during the 1st quarter. Marshall Wace LLP now owns 45,544 shares of the business services provider’s stock worth $5,738,000 after purchasing an additional 36,777 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its position in shares of Morningstar by 3.8% during the 1st quarter. Champlain Investment Partners LLC now owns 289,765 shares of the business services provider’s stock worth $36,507,000 after purchasing an additional 10,560 shares in the last quarter. 42.72% of the stock is owned by institutional investors and hedge funds.
Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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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