Key Points
- Chairman Joseph Mansueto sold 7,250 Morningstar shares on May 4 at an average price of $169.97 under a pre-arranged Rule 10b5-1 plan, netting about $1.23 million and reducing his stake by 0.09% to 8,128,992 shares (roughly $1.38 billion).
- Morningstar beat estimates for the quarter, reporting $3.18 EPS versus $2.41 expected and revenue of $644.8 million versus $626.9 million, with a 33.14% return on equity and a 16.06% net margin.
- The stock trades near $167.67 with a 52-week range of $149.08–$316.71 and a market cap of about $6.38 billion; analysts are mixed, the consensus rating is "Hold" with a $236.50 average price target.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 7,250 shares of Morningstar stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $169.97, for a total transaction of $1,232,282.50. Following the sale, the chairman directly owned 8,128,992 shares of the company's stock, valued at $1,381,684,770.24. This represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Stock Down 0.8%
Shares of NASDAQ:MORN opened at $167.67 on Tuesday. Morningstar, Inc. has a 52-week low of $149.08 and a 52-week high of $316.71. The stock has a market cap of $6.38 billion, a P/E ratio of 17.07 and a beta of 0.99. The business's 50 day moving average is $176.71 and its 200 day moving average is $196.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.
Morningstar (NASDAQ:MORN - Get Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.77. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.The business had revenue of $644.80 million during the quarter, compared to analyst estimates of $626.91 million.
Institutional Investors Weigh In On Morningstar
A number of hedge funds have recently made changes to their positions in the stock. Osterweis Capital Management Inc. purchased a new position in Morningstar in the second quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Morningstar during the third quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Morningstar during the fourth quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in shares of Morningstar in the 4th quarter valued at about $35,000. Finally, Quent Capital LLC purchased a new position in shares of Morningstar in the 3rd quarter worth approximately $38,000. 57.02% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MORN. BMO Capital Markets lowered their price objective on shares of Morningstar from $257.00 to $193.00 and set an "outperform" rating for the company in a research note on Tuesday, February 17th. Weiss Ratings downgraded shares of Morningstar from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, April 9th. Wall Street Zen raised shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group set a $280.00 price objective on shares of Morningstar in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $236.50.
View Our Latest Stock Analysis on MORN
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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