Key Points
- Morningstar Chairman Joseph Mansueto sold 7,250 shares for approximately $1.46 million under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by just 0.09% and leaving him with nearly 8 million shares.
- Morningstar beat quarterly expectations, reporting $3.10 in adjusted earnings per share versus the $2.83 consensus estimate and revenue of $663.2 million, ahead of the $649.7 million forecast.
- Analyst sentiment remains mixed: Morningstar has an overall “Hold” rating with an average price target of $227.33, while institutional investors own 57.02% of the company.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 974 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $200.32, for a total transaction of $195,111.68. Following the completion of the transaction, the chairman owned 7,998,696 shares of the company's stock, valued at approximately $1,602,298,782.72. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Price Performance
Shares of NASDAQ:MORN opened at $197.51 on Thursday. The firm's 50 day moving average is $174.89 and its two-hundred day moving average is $176.20. The firm has a market capitalization of $7.41 billion, a P/E ratio of 18.70 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.66. Morningstar, Inc. has a 52 week low of $141.49 and a 52 week high of $266.05.
Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.27. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.The business had revenue of $663.20 million during the quarter, compared to the consensus estimate of $649.72 million.
Institutional Investors Weigh In On Morningstar
Hedge funds have recently made changes to their positions in the company. Globeflex Capital L P purchased a new position in Morningstar during the 2nd quarter worth approximately $122,000. Quantbot Technologies LP purchased a new stake in shares of Morningstar in the second quarter valued at $2,122,000. Westpac Banking Corp purchased a new stake in shares of Morningstar in the second quarter valued at $128,000. Ieq Capital LLC acquired a new stake in shares of Morningstar in the second quarter worth $8,411,000. Finally, Callan Family Office LLC acquired a new stake in shares of Morningstar in the second quarter worth $846,000. Hedge funds and other institutional investors own 57.02% of the company's stock.
Trending Headlines about Morningstar
Here are the key news stories impacting Morningstar this week:
- Neutral Sentiment: Chairman Joseph D. Mansueto sold a combined 15,474 shares for approximately $3.07 million between August 10 and August 12. The sales reduced his position by only about 0.19%, leaving him with roughly 7.99 million shares, so the transactions appear more consistent with scheduled diversification or liquidity needs than a strong signal about Morningstar’s outlook. SEC insider trading filing
- Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior reporting period, with a zero-day days-to-cover ratio. This suggests no measurable short-selling pressure, although the figures appear mechanically reported and offer little incremental insight into investor positioning.
- Neutral Sentiment: Morningstar’s published coverage included commentary that CoreWeave (CRWV) could eventually generate more than $100 billion in revenue as artificial-intelligence computing costs decline. This is an analyst/media item rather than a change to Morningstar’s own earnings outlook or operations. CRWV revenue outlook article
- Neutral Sentiment: Other recent Morningstar headlines covered oil, silver, copper and FTSE 100 market data, retirement planning, promotional deals, and an IBM–Together AI agreement. These items are generally unrelated to Morningstar, Inc.’s financial performance and are unlikely to materially affect MORN. Morningstar market coverage
Wall Street Analyst Weigh In
MORN has been the topic of a number of research analyst reports. Wall Street Zen raised Morningstar from a "hold" rating to a "buy" rating in a report on Sunday, June 21st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $212.00 price objective on shares of Morningstar in a report on Friday, June 26th. Weiss Ratings cut shares of Morningstar from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, July 30th. UBS Group reduced their price target on shares of Morningstar from $280.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Finally, Rothschild & Co Redburn set a $210.00 price objective on shares of Morningstar in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $227.33.
View Our Latest Stock Analysis on MORN
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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