Key Points
- Director Caroline Tsay sold 600 shares on Dec. 29 at an average price of $218.48 for $131,088, cutting her holding by 13.81% to 3,745 shares; the sale was disclosed in an SEC filing.
- Morningstar recently beat quarterly EPS and revenue estimates (EPS $2.55 vs. $2.42; revenue $617.4M vs. $603.29M), pays a quarterly dividend of $0.50 (annualized $2.00, ~0.9% yield), and trades around $218 with a market cap near $9B and an average analyst target of $285.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Director Caroline Tsay sold 600 shares of the company's stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $218.48, for a total transaction of $131,088.00. Following the completion of the transaction, the director owned 3,745 shares in the company, valued at approximately $818,207.60. This represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Morningstar Trading Down 0.5%
Shares of MORN stock opened at $218.00 on Wednesday. Morningstar, Inc. has a fifty-two week low of $202.89 and a fifty-two week high of $339.99. The company has a 50 day moving average price of $214.60 and a 200 day moving average price of $247.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $8.97 billion, a P/E ratio of 24.80 and a beta of 1.11.
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 (EPS) for the quarter, topping analysts' consensus estimates of $2.42 by $0.13. Morningstar had a net margin of 15.70% and a return on equity of 25.07%. The company had revenue of $617.40 million during the quarter, compared to the consensus estimate of $603.29 million.
Morningstar Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Morningstar's dividend payout ratio is 20.71%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on MORN shares. UBS Group dropped their price objective on Morningstar from $350.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, October 30th. Wall Street Zen raised shares of Morningstar from a "hold" rating to a "buy" rating in a research note on Friday, November 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of Morningstar in a research note on Monday. Finally, BMO Capital Markets set a $250.00 target price on shares of Morningstar in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $285.00.
Get Our Latest Analysis on Morningstar
Hedge Funds Weigh In On Morningstar
Several large investors have recently made changes to their positions in MORN. Measured Wealth Private Client Group LLC purchased a new position in shares of Morningstar during the third quarter valued at $26,000. Osterweis Capital Management Inc. bought a new stake in shares of Morningstar during the 2nd quarter worth $29,000. Quent Capital LLC bought a new stake in Morningstar during the third quarter valued at about $38,000. Clearstead Advisors LLC boosted its stake in Morningstar by 54.2% during 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 stake in shares of Morningstar by 270.3% in the second quarter. IFP Advisors Inc now owns 137 shares of the business services provider's stock worth $43,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 57.02% of the company's stock.
Morningstar Company Profile
(
Get Free Report)
Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar's proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.
Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.
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