Insider Selling: Morningstar, Inc. (MORN) Insider Sells 17,235 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 17,235 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $133.48, for a total value of $2,300,527.80. Following the completion of the transaction, the insider now directly owns 22,104,886 shares in the company, valued at approximately $2,950,560,183.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, March 21st, Joseph D. Mansueto sold 10,521 shares of Morningstar stock. The shares were sold at an average price of $122.11, for a total value of $1,284,719.31.

Shares of MORN stock traded up $1.94 during trading on Thursday, hitting $135.22. The company had a trading volume of 999 shares, compared to its average volume of 77,952. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $5.59 billion, a P/E ratio of 33.98 and a beta of 0.88. Morningstar, Inc. has a one year low of $99.67 and a one year high of $146.64.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, April 4th.

Several hedge funds have recently modified their holdings of MORN. FMR LLC boosted its stake in shares of Morningstar by 57.2% in the fourth quarter. FMR LLC now owns 1,228,505 shares of the business services provider’s stock valued at $134,940,000 after buying an additional 447,111 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Morningstar in the fourth quarter valued at approximately $31,678,000. Norges Bank bought a new stake in shares of Morningstar in the fourth quarter valued at approximately $31,613,000. Millennium Management LLC lifted its stake in Morningstar by 123.6% during the fourth quarter. Millennium Management LLC now owns 101,398 shares of the business services provider’s stock worth $11,138,000 after purchasing an additional 56,052 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Morningstar by 2.5% during the third quarter. Vanguard Group Inc. now owns 1,636,889 shares of the business services provider’s stock worth $206,085,000 after purchasing an additional 40,273 shares during the last quarter. Institutional investors and hedge funds own 42.53% of the company’s stock.

Separately, BidaskClub cut Morningstar from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st.

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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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