Key Points
- Morningstar CFO Michael Holt sold 270 shares on May 15 at an average price of $166.05, totaling about $44,833.50. After the sale, he still held 12,326 shares worth roughly $2.05 million.
- The company reported stronger-than-expected first-quarter results, with EPS of $3.18 beating consensus by $0.77 and revenue of $644.8 million topping estimates.
- Analysts currently have a mixed but cautious stance on Morningstar: the consensus rating is “Hold,” with an average price target of $236.50, though some firms recently raised or cut their recommendations.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) CFO Michael Holt sold 270 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $166.05, for a total value of $44,833.50. Following the sale, the chief financial officer owned 12,326 shares in the company, valued at $2,046,732.30. This represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Michael Holt also recently made the following trade(s):
- On Wednesday, March 4th, Michael Holt acquired 1,000 shares of Morningstar stock. The shares were purchased at an average price of $186.59 per share, for a total transaction of $186,590.00.
Morningstar Trading Down 3.0%
Shares of MORN stock opened at $171.81 on Wednesday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 17.50 and a beta of 0.99. Morningstar, Inc. has a twelve month low of $149.08 and a twelve month high of $316.71. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock's fifty day simple moving average is $175.57 and its 200 day simple moving average is $192.72.
Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.77. The business had revenue of $644.80 million for the quarter, compared to analyst estimates of $626.91 million. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. UBS Group set a $280.00 price objective on Morningstar in a research report on Friday, February 13th. Wall Street Zen raised Morningstar from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Weiss Ratings downgraded Morningstar from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, April 9th. Finally, BMO Capital Markets cut their target price on Morningstar from $257.00 to $193.00 and set an "outperform" rating on the stock in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $236.50.
Get Our Latest Research Report on Morningstar
Institutional Investors Weigh In On Morningstar
Several large investors have recently modified their holdings of MORN. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Morningstar during the fourth quarter worth $25,000. Cassaday & Co Wealth Management LLC acquired a new position in Morningstar in the first quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in Morningstar in the third quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new position in Morningstar in the second quarter valued at $29,000. Finally, V Square Quantitative Management LLC acquired a new position in Morningstar in the fourth quarter valued at $35,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.
About Morningstar
(
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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