Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Insider Sells 21,004 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 21,004 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $142.29, for a total value of $2,988,659.16. Following the completion of the transaction, the insider now directly owns 21,840,351 shares of the company’s stock, valued at approximately $3,107,663,543.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ MORN traded down $2.38 on Friday, hitting $153.94. 67,022 shares of the stock traded hands, compared to its average volume of 75,949. The company has a 50-day moving average price of $146.23. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $157.47. The stock has a market capitalization of $6.57 billion, a P/E ratio of 39.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.77 earnings per share (EPS) for the quarter. Morningstar had a return on equity of 17.95% and a net margin of 16.84%. The firm had revenue of $258.90 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Separately, BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th.

Several institutional investors have recently made changes to their positions in the company. Commerce Bank raised its position in shares of Morningstar by 3.9% during the 1st quarter. Commerce Bank now owns 2,119 shares of the business services provider’s stock worth $267,000 after purchasing an additional 80 shares during the period. Insight Wealth Strategies LLC raised its position in shares of Morningstar by 2.6% during the 1st quarter. Insight Wealth Strategies LLC now owns 3,372 shares of the business services provider’s stock worth $425,000 after purchasing an additional 85 shares during the period. Cardinal Capital Management raised its position in shares of Morningstar by 0.8% during the 1st quarter. Cardinal Capital Management now owns 15,104 shares of the business services provider’s stock worth $1,902,000 after purchasing an additional 123 shares during the period. Advisor Group Inc. raised its position in shares of Morningstar by 9.3% during the 4th quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after purchasing an additional 180 shares during the period. Finally, Sapphire Star Partners LP raised its position in shares of Morningstar by 2.6% during the 4th quarter. Sapphire Star Partners LP now owns 8,121 shares of the business services provider’s stock worth $893,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 42.71% of the company’s stock.

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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Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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