Insider Selling: Morningstar, Inc. (MORN) Insider Sells 500 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) insider Tricia Rothschild sold 500 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $82.21, for a total value of $41,105.00. Following the completion of the sale, the insider now directly owns 7,652 shares in the company, valued at $629,070.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Morningstar, Inc. (NASDAQ MORN) opened at 81.63 on Friday. The stock has a market capitalization of $3.47 billion, a PE ratio of 21.42 and a beta of 0.75. Morningstar, Inc. has a 1-year low of $67.74 and a 1-year high of $84.68. The stock has a 50 day moving average price of $80.75 and a 200-day moving average price of $77.84.

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Separately, BidaskClub raised Morningstar from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MORN. YHB Investment Advisors Inc. raised its position in Morningstar by 16.0% in the second quarter. YHB Investment Advisors Inc. now owns 22,846 shares of the business services provider’s stock valued at $1,790,000 after buying an additional 3,145 shares during the last quarter. Cardinal Capital Management raised its position in Morningstar by 18.2% in the second quarter. Cardinal Capital Management now owns 13,450 shares of the business services provider’s stock valued at $1,054,000 after buying an additional 2,073 shares during the last quarter. Sei Investments Co. raised its position in Morningstar by 49.8% in the second quarter. Sei Investments Co. now owns 49,472 shares of the business services provider’s stock valued at $3,875,000 after buying an additional 16,448 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Morningstar by 0.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock valued at $265,000 after buying an additional 29 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Morningstar by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 10,137 shares of the business services provider’s stock valued at $794,000 after buying an additional 206 shares during the last quarter. 38.78% of the stock is owned by hedge funds and other institutional investors.

About Morningstar

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

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