Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 15,952 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $145.97, for a total transaction of $2,328,513.44. Following the sale, the insider now owns 21,771,072 shares of the company’s stock, valued at $3,177,923,379.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
MORN stock opened at $148.38 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $6.33 billion, a PE ratio of 37.93 and a beta of 0.83. The stock’s 50 day moving average is $143.31. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $149.70.
Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. The business had revenue of $258.90 million during the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%.
Separately, BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th.
Hedge funds have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in shares of Morningstar during the first quarter worth approximately $210,000. Connable Office Inc. acquired a new stake in shares of Morningstar during the first quarter worth approximately $212,000. Ibex Investors LLC acquired a new stake in shares of Morningstar during the fourth quarter worth approximately $215,000. Spectrum Asset Management Inc. NB CA acquired a new stake in shares of Morningstar during the first quarter worth approximately $227,000. Finally, Advisor Group Inc. boosted its holdings in shares of Morningstar by 9.3% during the fourth quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 42.72% of the company’s stock.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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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