Shares of NASDAQ:MORN traded down $8.80 during mid-day trading on Thursday, reaching $311.16. 237,779 shares of the company's stock were exchanged, compared to its average volume of 120,747. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar has a twelve month low of $281.37 and a twelve month high of $365.00. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 41.10 and a beta of 1.20. The business's fifty day moving average price is $328.69 and its 200-day moving average price is $330.11.
Morningstar (NASDAQ:MORN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The company had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million.
In other Morningstar news, Chairman Joseph D. Mansueto sold 1,280 shares of Morningstar stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $320.57, for a total transaction of $410,329.60. Following the transaction, the chairman now owns 10,130,378 shares of the company's stock, valued at $3,247,495,275.46. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Dubinsky sold 3,223 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the transaction, the chief financial officer now directly owns 17,304 shares of the company's stock, valued at approximately $6,106,235.52. This represents a 15.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,561 shares of company stock valued at $13,300,821 in the last quarter. 39.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in MORN. Harbor Capital Advisors Inc. increased its holdings in Morningstar by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider's stock worth $1,895,000 after buying an additional 37 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Morningstar by 15.9% during the 4th quarter. Versant Capital Management Inc now owns 285 shares of the business services provider's stock valued at $96,000 after acquiring an additional 39 shares during the period. CIBC Asset Management Inc increased its stake in shares of Morningstar by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 1,259 shares of the business services provider's stock worth $402,000 after purchasing an additional 41 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Morningstar by 2.4% in the 4th quarter. Deutsche Bank AG now owns 1,798 shares of the business services provider's stock worth $605,000 after purchasing an additional 42 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock valued at $47,000 after purchasing an additional 46 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors.
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.
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