Joseph D. Mansueto Sells 8,582 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,582 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $146.08, for a total transaction of $1,253,658.56. Following the completion of the sale, the chairman now owns 21,771,072 shares in the company, valued at $3,180,318,197.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.

MORN opened at $148.38 on Thursday. The firm has a 50 day moving average of $143.31. Morningstar, Inc. has a 1-year low of $99.67 and a 1-year high of $149.70. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6.33 billion, a P/E ratio of 37.93 and a beta of 0.83.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 earnings per share for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%. The company had revenue of $258.90 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.75%.

Separately, BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th.

Several institutional investors and hedge funds have recently bought and sold shares of MORN. FMR LLC raised its holdings in Morningstar by 26.5% in the 1st quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock valued at $195,833,000 after buying an additional 325,848 shares during the last quarter. BlackRock Inc. raised its holdings in Morningstar by 1.9% in the 4th quarter. BlackRock Inc. now owns 809,540 shares of the business services provider’s stock valued at $88,919,000 after buying an additional 15,027 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Morningstar by 5.3% in the 1st quarter. JPMorgan Chase & Co. now owns 669,927 shares of the business services provider’s stock valued at $84,405,000 after buying an additional 33,458 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in Morningstar by 34.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 387,300 shares of the business services provider’s stock valued at $48,796,000 after buying an additional 98,900 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Morningstar by 9.7% in the 1st quarter. Eagle Asset Management Inc. now owns 298,271 shares of the business services provider’s stock valued at $37,579,000 after buying an additional 26,470 shares during the last quarter. Institutional investors own 42.72% of the company’s stock.

About Morningstar

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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