Morningstar (NASDAQ:MORN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, ValuEngine raised Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.

Shares of MORN opened at $119.72 on Thursday. The company has a market cap of $4.91 billion, a PE ratio of 30.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82. Morningstar has a 1 year low of $90.00 and a 1 year high of $144.34.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, October 24th. The business services provider reported $1.13 earnings per share for the quarter. The firm had revenue of $261.30 million for the quarter. Morningstar had a return on equity of 18.50% and a net margin of 17.94%.

In other Morningstar news, Director Gail S. Landis sold 2,000 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $129.75, for a total value of $259,500.00. Following the transaction, the director now owns 4,686 shares of the company’s stock, valued at approximately $608,008.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph D. Mansueto sold 425 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $120.51, for a total value of $51,216.75. Following the completion of the transaction, the insider now directly owns 22,903,342 shares in the company, valued at approximately $2,760,081,744.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 395,712 shares of company stock worth $45,647,855. Corporate insiders own 57.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MORN. FMR LLC grew its position in Morningstar by 456.8% in the 2nd quarter. FMR LLC now owns 747,835 shares of the business services provider’s stock valued at $95,910,000 after acquiring an additional 613,534 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Morningstar during the 3rd quarter worth $34,399,000. Carillon Tower Advisers Inc. bought a new position in shares of Morningstar during the 3rd quarter worth $27,288,000. Wells Fargo & Company MN grew its position in shares of Morningstar by 31.8% during the 3rd quarter. Wells Fargo & Company MN now owns 337,799 shares of the business services provider’s stock worth $42,529,000 after buying an additional 81,574 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Morningstar by 7.1% during the 3rd quarter. Renaissance Technologies LLC now owns 643,770 shares of the business services provider’s stock worth $81,051,000 after buying an additional 42,870 shares in the last quarter. 40.56% of the stock is currently owned by institutional investors.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, 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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