Key Points
- Chairman Joseph Mansueto sold 7,250 shares on Nov. 20 at an average price of $210.89 for roughly $1.53M, leaving him with 8,609,667 shares (a 0.08% reduction in his stake).
- Morningstar recently beat Q3 estimates, reporting EPS of $2.55 vs. $2.42 and revenue of $617.4M; the company has a $8.64B market cap and a consensus "Moderate Buy" analyst rating with an average price target of $285.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 7,250 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $210.89, for a total value of $1,528,952.50. Following the transaction, the chairman directly owned 8,609,667 shares in the company, valued at $1,815,692,673.63. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Morningstar Trading Down 1.2%
NASDAQ MORN opened at $210.18 on Tuesday. Morningstar, Inc. has a 12 month low of $202.89 and a 12 month high of $365.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $221.56 and a 200-day moving average of $263.78. The company has a market cap of $8.64 billion, a PE ratio of 23.91 and a beta of 1.06.
Morningstar (NASDAQ:MORN - Get Free Report) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.13. The business had revenue of $617.40 million for the quarter, compared to the consensus estimate of $603.29 million. Morningstar had a net margin of 15.70% and a return on equity of 24.68%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MORN. UBS Group dropped their target price on shares of Morningstar from $350.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, October 30th. BMO Capital Markets set a $250.00 price objective on Morningstar in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Morningstar in a research note on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $285.00.
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Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new stake in Morningstar during the third quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new position in shares of Morningstar during the second quarter worth approximately $29,000. Quent Capital LLC acquired a new stake in Morningstar during the 3rd quarter worth approximately $38,000. Clearstead Advisors LLC boosted its stake in Morningstar by 54.2% in the 3rd quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 58 shares during the period. Finally, IFP Advisors Inc grew its holdings in Morningstar by 270.3% in the 2nd quarter. IFP Advisors Inc now owns 137 shares of the business services provider's stock valued at $43,000 after buying an additional 100 shares in the last quarter. 57.02% of the stock is owned by institutional investors.
About Morningstar
(
Get Free Report)
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.
Further Reading
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