Joseph D. Mansueto Sells 15,038 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) major shareholder Joseph D. Mansueto sold 15,038 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $160.24, for a total transaction of $2,409,689.12. Following the sale, the insider now owns 21,481,594 shares of the company’s stock, valued at $3,442,210,622.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Joseph D. Mansueto also recently made the following trade(s):

  • On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The stock was sold at an average price of $151.78, for a total transaction of $1,280,264.30.
  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The stock was sold at an average price of $151.36, for a total transaction of $2,659,092.48.

Morningstar stock traded down $2.68 during trading on Wednesday, reaching $155.23. The company had a trading volume of 3,557 shares, compared to its average volume of 80,251. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 41.38 and a beta of 0.81. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $155.80 and its 200 day simple moving average is $141.01. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $162.53.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $273.90 million during the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.

Separately, BidaskClub downgraded shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in Morningstar by 419.5% in the 1st quarter. Marshall Wace LLP now owns 45,544 shares of the business services provider’s stock worth $5,738,000 after acquiring an additional 36,777 shares in the last quarter. FMR LLC boosted its stake in shares of Morningstar by 26.5% in the first quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock worth $195,833,000 after acquiring an additional 325,848 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of Morningstar by 24.8% in the second quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock worth $69,905,000 after acquiring an additional 96,000 shares during the period. Bridges Investment Management Inc. purchased a new stake in shares of Morningstar during the second quarter worth about $257,000. Finally, Miracle Mile Advisors LLC grew its position in shares of Morningstar by 14.8% during the second quarter. Miracle Mile Advisors LLC now owns 27,145 shares of the business services provider’s stock worth $3,926,000 after purchasing an additional 3,494 shares in the last quarter. 43.98% of the stock is currently owned by hedge funds and other institutional investors.

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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