Joseph D. Mansueto Sells 8,954 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,954 shares of Morningstar stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $294.34, for a total transaction of $2,635,520.36. Following the sale, the chairman now directly owns 10,741,312 shares of the company’s stock, valued at $3,161,597,774.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Morningstar Stock Performance

Shares of MORN opened at $295.94 on Thursday. The company’s 50 day simple moving average is $302.10 and its 200-day simple moving average is $284.04. The firm has a market cap of $12.65 billion, a PE ratio of 59.79 and a beta of 1.15. Morningstar, Inc. has a 12-month low of $185.10 and a 12-month high of $316.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The company had revenue of $542.80 million for the quarter.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a $0.405 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.55%. Morningstar’s payout ratio is currently 32.73%.

Hedge Funds Weigh In On Morningstar

Large investors have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Morningstar by 3.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,840 shares of the business services provider’s stock valued at $3,343,000 after acquiring an additional 405 shares during the period. Entropy Technologies LP purchased a new position in shares of Morningstar in the 1st quarter valued at about $427,000. Avantax Advisory Services Inc. lifted its stake in shares of Morningstar by 8.3% in the first quarter. Avantax Advisory Services Inc. now owns 2,764 shares of the business services provider’s stock valued at $852,000 after purchasing an additional 211 shares during the period. Russell Investments Group Ltd. boosted its holdings in Morningstar by 0.4% during the first quarter. Russell Investments Group Ltd. now owns 22,413 shares of the business services provider’s stock worth $6,911,000 after buying an additional 82 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Morningstar during the first quarter worth about $66,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MORN shares. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.