Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 11,031 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 11,031 shares of Morningstar stock in a transaction that occurred on Wednesday, June 9th. The stock was sold at an average price of $231.52, for a total transaction of $2,553,897.12. Following the transaction, the chairman now directly owns 18,579,640 shares in the company, valued at $4,301,558,252.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, May 7th, Joseph D. Mansueto sold 8,266 shares of Morningstar stock. The stock was sold at an average price of $261.65, for a total transaction of $2,162,798.90.
  • On Monday, May 3rd, Joseph D. Mansueto sold 17,032 shares of Morningstar stock. The stock was sold at an average price of $264.46, for a total transaction of $4,504,282.72.

Shares of MORN stock traded up $1.60 during trading hours on Friday, hitting $235.11. 618 shares of the company’s stock were exchanged, compared to its average volume of 130,911. The stock has a market capitalization of $10.10 billion, a P/E ratio of 40.16 and a beta of 1.09. Morningstar, Inc. has a 12-month low of $139.19 and a 12-month high of $270.08. The stock has a 50 day simple moving average of $241.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.31.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, April 28th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. Morningstar had a net margin of 17.46% and a return on equity of 22.36%. The firm had revenue of $392.80 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 30th. Shareholders of record on Friday, July 9th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Thursday, July 8th. This represents a $1.26 annualized dividend and a yield of 0.54%.

Institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System raised its holdings in shares of Morningstar by 9.4% during the 4th quarter. California Public Employees Retirement System now owns 54,399 shares of the business services provider’s stock worth $12,597,000 after acquiring an additional 4,666 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Morningstar during the 1st quarter valued at $1,167,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Morningstar during the 4th quarter valued at $2,301,000. Iridian Asset Management LLC CT raised its holdings in Morningstar by 1,201.7% during the 4th quarter. Iridian Asset Management LLC CT now owns 151,128 shares of the business services provider’s stock valued at $34,997,000 after buying an additional 139,518 shares during the period. Finally, Sepio Capital LP raised its holdings in Morningstar by 2.8% during the 1st quarter. Sepio Capital LP now owns 6,840 shares of the business services provider’s stock valued at $1,539,000 after buying an additional 186 shares during the period. 48.49% of the stock is currently owned by institutional investors and hedge funds.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, 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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Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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