Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,967 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $118.62, for a total transaction of $2,012,625.54. Following the completion of the transaction, the insider now directly owns 22,775,210 shares of the company’s stock, valued at approximately $2,701,595,410.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
MORN stock opened at $116.48 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.82 and a quick ratio of 1.82. Morningstar, Inc. has a one year low of $90.00 and a one year high of $144.34. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 31.42 and a beta of 0.74.
Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.13 EPS for the quarter. Morningstar had a net margin of 17.94% and a return on equity of 18.50%. The business had revenue of $261.30 million during the quarter.
Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 564 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Morningstar in the 2nd quarter valued at $279,000. Bank of Montreal Can purchased a new stake in shares of Morningstar in the 2nd quarter valued at $2,786,000. Creative Planning purchased a new stake in shares of Morningstar in the 2nd quarter valued at $217,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Morningstar by 86.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,053 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 1,877 shares in the last quarter. 40.52% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub cut shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th.
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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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