Morningstar (NASDAQ:MORN) Stock Rating Lowered by StockNews.com

Morningstar (NASDAQ:MORN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other research analysts also recently issued reports on MORN. BMO Capital Markets restated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. Redburn Atlantic cut Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a report on Wednesday, October 9th. Finally, UBS Group assumed coverage on Morningstar in a report on Tuesday, October 8th. They set a “buy” rating and a $390.00 target price on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Morningstar currently has an average rating of “Moderate Buy” and a consensus target price of $360.67.

Morningstar Stock Up 1.5 %

Morningstar stock opened at $348.58 on Thursday. The business’s 50-day simple moving average is $326.03 and its two-hundred day simple moving average is $309.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $14.95 billion, a PE ratio of 46.05 and a beta of 1.18. Morningstar has a fifty-two week low of $259.50 and a fifty-two week high of $350.68.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The firm had revenue of $569.40 million during the quarter.

Insider Transactions at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,062 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $329.45, for a total value of $2,985,475.90. Following the sale, the chairman now directly owns 10,836,656 shares of the company’s stock, valued at approximately $3,570,136,319.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $329.45, for a total value of $2,985,475.90. Following the sale, the chairman now owns 10,836,656 shares in the company, valued at $3,570,136,319.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph D. Mansueto sold 5,257 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $310.37, for a total transaction of $1,631,615.09. Following the transaction, the chairman now owns 10,599,799 shares of the company’s stock, valued at approximately $3,289,859,615.63. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,492 shares of company stock valued at $19,430,128 in the last ninety days. 39.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Morningstar

Several hedge funds and other institutional investors have recently made changes to their positions in MORN. V Square Quantitative Management LLC acquired a new position in Morningstar in the 3rd quarter valued at $30,000. Blue Trust Inc. raised its position in shares of Morningstar by 326.9% in the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after buying an additional 85 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Morningstar in the second quarter worth about $35,000. DT Investment Partners LLC acquired a new position in Morningstar during the second quarter worth about $36,000. Finally, Venturi Wealth Management LLC grew its stake in Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.