Morningstar (NASDAQ:MORN – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Shares of MORN opened at $262.67 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.13 and a quick ratio of 1.13. Morningstar has a one year low of $229.33 and a one year high of $350.21. The firm has a market capitalization of $11.26 billion, a P/E ratio of 58.89 and a beta of 1.17. The business has a fifty day moving average of $275.44 and a 200 day moving average of $294.54.
Morningstar (NASDAQ:MORN – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The business services provider reported $1.50 EPS for the quarter. Morningstar had a return on equity of 20.18% and a net margin of 11.38%. The company had revenue of $462.20 million during the quarter.
In other Morningstar news, Chairman Joseph D. Mansueto sold 100 shares of the business’s stock in a transaction dated Tuesday, January 18th. The stock was sold at an average price of $295.19, for a total transaction of $29,519.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joseph D. Mansueto sold 1,334 shares of the business’s stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of $318.31, for a total value of $424,625.54. The disclosure for this sale can be found here. Insiders have sold 201,223 shares of company stock valued at $55,344,536 in the last three months. 41.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MORN. Allworth Financial LP boosted its stake in Morningstar by 48.5% in the 3rd quarter. Allworth Financial LP now owns 101 shares of the business services provider’s stock worth $26,000 after purchasing an additional 33 shares during the period. JNBA Financial Advisors bought a new stake in shares of Morningstar during the third quarter valued at approximately $30,000. Capitolis Advisors LLC bought a new stake in shares of Morningstar during the third quarter valued at approximately $31,000. First Horizon Advisors Inc. raised its position in shares of Morningstar by 152.5% during the fourth quarter. First Horizon Advisors Inc. now owns 101 shares of the business services provider’s stock valued at $34,000 after buying an additional 61 shares during the last quarter. Finally, Covestor Ltd bought a new stake in shares of Morningstar during the fourth quarter valued at approximately $34,000. 52.23% of the stock is currently owned by institutional investors.
About Morningstar
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.