Key Points
- Morningstar Chairman Joseph Mansueto sold 7,250 shares at an average price of $199.20, generating approximately $1.44 million. The Rule 10b5-1 transaction reduced his stake by just 0.09%, leaving him with more than 8 million shares.
- Morningstar’s latest quarterly results exceeded expectations, with EPS of $3.10 versus $2.83 expected and revenue of $663.2 million compared with the $649.7 million consensus estimate.
- Analyst sentiment remains mixed: Morningstar has an average “Hold” rating and a consensus price target of $227.33, while institutional investors own 57.02% of the company’s shares.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 7,250 shares of Morningstar stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $199.20, for a total transaction of $1,444,200.00. Following the completion of the sale, the chairman directly owned 8,030,942 shares in the company, valued at $1,599,763,646.40. This represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Stock Performance
NASDAQ:MORN opened at $199.33 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $7.48 billion, a PE ratio of 18.88 and a beta of 0.99. Morningstar, Inc. has a fifty-two week low of $141.49 and a fifty-two week high of $266.05. The company has a fifty day moving average of $173.55 and a two-hundred day moving average of $176.68.
Morningstar (NASDAQ:MORN - Get Free Report) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.10 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.27. The business had revenue of $663.20 million during the quarter, compared to analysts' expectations of $649.72 million. Morningstar had a net margin of 16.43% and a return on equity of 38.57%.
Institutional Trading of Morningstar
Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Morningstar during the 4th quarter worth about $25,000. Grove Bank & Trust acquired a new stake in Morningstar in the 2nd quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC purchased a new stake in Morningstar in the first quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in Morningstar during the third quarter worth $26,000. Finally, Osterweis Capital Management Inc. acquired a new position in Morningstar during the second quarter worth $29,000. Hedge funds and other institutional investors own 57.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Rothschild & Co Redburn set a $210.00 price target on Morningstar in a research note on Thursday, June 18th. Weiss Ratings cut shares of Morningstar from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $212.00 target price on shares of Morningstar in a report on Friday, June 26th. Wall Street Zen upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Sunday, June 21st. Finally, UBS Group decreased their price target on shares of Morningstar from $280.00 to $260.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Morningstar presently has an average rating of "Hold" and an average target price of $227.33.
Get Our Latest Report on MORN
Trending Headlines about Morningstar
Here are the key news stories impacting Morningstar this week:
- Positive Sentiment: Recent earnings remain supportive. Morningstar’s latest quarterly results exceeded expectations, with revenue of $663.2 million versus the $649.7 million consensus estimate and EPS of $3.10 versus $2.83 expected. The earnings beat and continued profitability provide a favorable fundamental backdrop for MORN. Morningstar stock and earnings information
- Neutral Sentiment: Morningstar continues expanding its wealth-advice business through technology. A recent report highlighted technology as central to Morningstar Wealth’s plans to grow its presence in the advice market. This could support longer-term growth, but no new financial guidance or specific revenue impact was provided. Tech key to Morningstar Wealth’s plans
- Negative Sentiment: Chairman Joseph D. Mansueto reported two stock sales. Mansueto sold 7,250 shares on August 3 for approximately $1.44 million and another 7,250 shares on August 5 for approximately $1.46 million. The combined sales reduced his ownership by only about 0.18%; he still directly owns more than 8.0 million shares. Because both transactions were conducted under a pre-arranged 10b5-1 plan, they are a relatively weak bearish signal. Mansueto SEC Form 4 filing
- Negative Sentiment: Another director also sold shares. Director William Lyons sold 1,000 shares for about $199,000, reducing his direct position by 7.19%. The transaction adds a minor insider-selling overhang, but its small dollar value relative to Morningstar’s market capitalization limits its significance. William Lyons insider sale
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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