Key Points
- Morningstar Chairman Joseph Mansueto sold 1,286 shares on Nov. 25 at an average price of $213.12 for $274,072, but still directly owns 8,600,815 shares (a ~0.01% reduction) per an SEC filing.
- Morningstar beat Q3 estimates, reporting EPS of $2.55 vs. $2.42 expected and revenue of $617.4M vs. $603.3M, with a return on equity of 24.68% and a net margin of 15.7%.
- Analyst sentiment is cautiously positive — consensus is a “Moderate Buy” with an average target of $285 while UBS cut its target to $320 and BMO set $250 — and institutional investors own about 57% of the stock after several funds increased stakes.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 316 shares of Morningstar stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $211.99, for a total value of $66,988.84. Following the completion of the sale, the chairman owned 8,602,101 shares of the company's stock, valued at $1,823,559,390.99. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Morningstar Stock Up 0.1%
Shares of NASDAQ:MORN traded up $0.17 on Thursday, reaching $213.72. The company had a trading volume of 219,058 shares, compared to its average volume of 278,274. The firm's 50 day simple moving average is $220.14 and its 200-day simple moving average is $262.80. Morningstar, Inc. has a 52-week low of $202.89 and a 52-week 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 firm has a market capitalization of $8.79 billion, a PE ratio of 24.31 and a beta of 1.06.
Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly 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 analyst estimates of $603.29 million. Morningstar had a return on equity of 24.68% and a net margin of 15.70%.
Analyst Upgrades and Downgrades
A number of analysts have commented on MORN shares. BMO Capital Markets set a $250.00 price target on Morningstar in a research report on Thursday, October 30th. UBS Group dropped their target price on Morningstar from $350.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Morningstar in a research report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $285.00.
Get Our Latest Stock Analysis on MORN
Institutional Investors Weigh In On Morningstar
Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Morningstar by 106.9% in the third quarter. AQR Capital Management LLC now owns 608,244 shares of the business services provider's stock valued at $141,119,000 after acquiring an additional 314,275 shares in the last quarter. Norges Bank acquired a new stake in Morningstar during the 2nd quarter worth $93,224,000. Millennium Management LLC grew its holdings in shares of Morningstar by 88.0% during the first quarter. Millennium Management LLC now owns 540,795 shares of the business services provider's stock worth $162,168,000 after buying an additional 253,137 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Morningstar by 266.5% in the second quarter. Invesco Ltd. now owns 280,923 shares of the business services provider's stock worth $88,190,000 after buying an additional 204,277 shares in the last quarter. Finally, Amundi boosted its position in Morningstar by 22,716.4% during the second quarter. Amundi now owns 162,681 shares of the business services provider's stock worth $50,512,000 after acquiring an additional 161,968 shares during the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.
Morningstar Company Profile
(
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.
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