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%.
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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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.
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