Morningstar, Inc. (MORN) Insider Sells $2,450,521.84 in Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 20,683 shares of Morningstar stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $118.48, for a total value of $2,450,521.84. Following the completion of the transaction, the insider now directly owns 22,801,998 shares of the company’s stock, valued at $2,701,580,723.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NASDAQ MORN opened at $118.14 on Monday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 31.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.82 and a quick ratio of 1.82. Morningstar, Inc. has a 1-year low of $90.00 and a 1-year high of $144.34.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, October 24th. The business services provider reported $1.13 earnings per share for the quarter. The company had revenue of $261.30 million during the quarter. Morningstar had a return on equity of 18.50% and a net margin of 17.94%.

Separately, BidaskClub downgraded Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th.

Several institutional investors and hedge funds have recently made changes to their positions in MORN. FMR LLC boosted its stake in shares of Morningstar by 456.8% in the 2nd quarter. FMR LLC now owns 747,835 shares of the business services provider’s stock valued at $95,910,000 after buying an additional 613,534 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Morningstar in the 3rd quarter valued at about $34,399,000. Carillon Tower Advisers Inc. purchased a new position in shares of Morningstar in the 3rd quarter valued at about $27,288,000. Wells Fargo & Company MN boosted its stake in shares of Morningstar by 31.8% in the 3rd quarter. Wells Fargo & Company MN now owns 337,799 shares of the business services provider’s stock valued at $42,529,000 after buying an additional 81,574 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Morningstar by 10.1% in the 2nd quarter. Renaissance Technologies LLC now owns 600,900 shares of the business services provider’s stock valued at $77,065,000 after buying an additional 55,000 shares during the period. Institutional investors and hedge funds own 40.50% of the company’s stock.

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About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

Further Reading: How to Invest in the Dividend Aristocrat Index

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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