Morningstar, Inc. (NASDAQ:MORN) Insider Sells $3,002,388.06 in Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 19,443 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $154.42, for a total value of $3,002,388.06. Following the completion of the sale, the insider now owns 21,647,106 shares of the company’s stock, valued at $3,342,746,108.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Joseph D. Mansueto also recently made the following trade(s):

  • On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The shares were sold at an average price of $151.78, for a total value of $1,280,264.30.
  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The shares were sold at an average price of $151.36, for a total value of $2,659,092.48.

Shares of MORN opened at $156.05 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50-day moving average of $152.55 and a 200-day moving average of $137.69. The company has a market cap of $6.65 billion, a PE ratio of 40.17 and a beta of 0.82. Morningstar, Inc. has a one year low of $99.67 and a one year high of $157.96.

Morningstar (NASDAQ:MORN) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.98 EPS for the quarter. The company had revenue of $273.90 million during the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Morningstar in the 2nd quarter valued at about $60,000. Resources Investment Advisors LLC. acquired a new stake in shares of Morningstar in the 2nd quarter valued at about $65,000. Tower Research Capital LLC TRC acquired a new stake in shares of Morningstar in the 2nd quarter valued at about $83,000. Huntington National Bank lifted its position in Morningstar by 13.4% in the 2nd quarter. Huntington National Bank now owns 1,064 shares of the business services provider’s stock valued at $154,000 after acquiring an additional 126 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in Morningstar in the 2nd quarter valued at about $189,000. Institutional investors own 43.46% of the company’s stock.

Separately, BidaskClub upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

About Morningstar

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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