Morningstar (NASDAQ:MORN – Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, July 26th.
Morningstar (NASDAQ:MORN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $479.70 million during the quarter. Morningstar had a return on equity of 10.63% and a net margin of 0.89%.
Morningstar Stock Performance
MORN opened at $211.65 on Wednesday. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 542.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.93 and a quick ratio of 0.93. Morningstar has a 1-year low of $163.28 and a 1-year high of $261.16. The business has a 50 day moving average price of $199.87 and a two-hundred day moving average price of $208.78.
Morningstar Announces Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Morningstar in a report on Thursday, May 18th. They issued a “hold” rating for the company.
Insider Transactions at Morningstar
In other Morningstar news, Chairman Joseph D. Mansueto sold 7,644 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $188.15, for a total transaction of $1,438,218.60. Following the transaction, the chairman now owns 11,355,187 shares of the company’s stock, valued at approximately $2,136,478,434.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Caroline J. Tsay sold 651 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $191.32, for a total value of $124,549.32. Following the transaction, the director now owns 3,576 shares of the company’s stock, valued at approximately $684,160.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Joseph D. Mansueto sold 7,644 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $188.15, for a total transaction of $1,438,218.60. Following the completion of the sale, the chairman now owns 11,355,187 shares of the company’s stock, valued at approximately $2,136,478,434.05. The disclosure for this sale can be found here. Insiders have sold 91,635 shares of company stock valued at $18,260,948 in the last three months. 39.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Morningstar
Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Morningstar by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,489 shares of the business services provider’s stock valued at $406,000 after acquiring an additional 130 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Morningstar in the 1st quarter valued at about $425,000. MetLife Investment Management LLC bought a new position in shares of Morningstar in the 1st quarter valued at about $387,000. BlackRock Inc. grew its holdings in shares of Morningstar by 1.6% in the 1st quarter. BlackRock Inc. now owns 1,069,710 shares of the business services provider’s stock valued at $292,213,000 after acquiring an additional 16,952 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Morningstar by 4.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,871 shares of the business services provider’s stock valued at $540,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.
Morningstar Company Profile
Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.
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