Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,865 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $144.37, for a total value of $2,434,800.05. Following the sale, the insider now owns 21,894,456 shares of the company’s stock, valued at approximately $3,160,902,612.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Morningstar stock traded up $1.29 during trading hours on Friday, hitting $152.30. The stock had a trading volume of 70,963 shares, compared to its average volume of 74,643. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market cap of $6.50 billion, a PE ratio of 39.12 and a beta of 0.83. Morningstar, Inc. has a 1-year low of $99.67 and a 1-year high of $152.76. The firm has a fifty day simple moving average of $143.93.
Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. The business had revenue of $258.90 million for the quarter. Morningstar had a return on equity of 17.95% and a net margin of 16.84%.
Separately, BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th.
A number of large investors have recently modified their holdings of the business. FMR LLC raised its holdings in shares of Morningstar by 26.5% in 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 during the period. BlackRock Inc. raised its holdings in shares of Morningstar by 1.9% in the 4th quarter. BlackRock Inc. now owns 809,540 shares of the business services provider’s stock worth $88,919,000 after purchasing an additional 15,027 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Morningstar by 5.3% in the 1st quarter. JPMorgan Chase & Co. now owns 669,927 shares of the business services provider’s stock worth $84,405,000 after purchasing an additional 33,458 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Morningstar by 34.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 387,300 shares of the business services provider’s stock worth $48,796,000 after purchasing an additional 98,900 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in shares of Morningstar by 9.7% in the 1st quarter. Eagle Asset Management Inc. now owns 298,271 shares of the business services provider’s stock worth $37,579,000 after purchasing an additional 26,470 shares during the period. 42.72% 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, 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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