Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 17,033 shares of Morningstar stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $107.93, for a total value of $1,838,371.69. Following the transaction, the chairman now owns 20,663,296 shares of the company’s stock, valued at $2,230,189,537.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of MORN traded up $2.97 during trading hours on Thursday, reaching $120.24. 2,952 shares of the company traded hands, compared to its average volume of 122,722. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.90 billion, a PE ratio of 33.45 and a beta of 0.75. Morningstar, Inc. has a fifty-two week low of $102.59 and a fifty-two week high of $166.59. The stock has a fifty day simple moving average of $141.92 and a 200 day simple moving average of $151.33.
Morningstar (NASDAQ:MORN) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.94 earnings per share for the quarter. Morningstar had a net margin of 12.89% and a return on equity of 17.16%. The firm had revenue of $332.40 million during the quarter.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of Morningstar by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 19,416 shares of the business services provider’s stock valued at $2,938,000 after buying an additional 2,908 shares during the period. Norges Bank acquired a new position in Morningstar in the fourth quarter valued at $40,186,000. Procyon Private Wealth Partners LLC acquired a new position in shares of Morningstar in the 4th quarter valued at $183,000. AXA grew its holdings in shares of Morningstar by 203.0% during the 4th quarter. AXA now owns 50,604 shares of the business services provider’s stock worth $7,657,000 after purchasing an additional 33,904 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Morningstar by 400.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,000 shares of the business services provider’s stock worth $303,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 46.78% of the company’s stock.
Separately, BidaskClub lowered Morningstar from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th.
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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