Morningstar (NASDAQ:MORN) Sets New 1-Year Low - What's Next?

Key Points

• Morningstar's stock reached a new 52-week low of $230.86 during trading, closing at $235.43, down from its previous close.
• Wall Street Zen downgraded Morningstar from a "buy" to a "hold" rating, though the stock still holds a consensus rating of "Moderate Buy" with a price target of $361.67.
• Insider selling activity included Chairman Joseph D. Mansueto selling 7,250 shares at an average price of $256.50, and insiders sold a total of 85,500 shares valued at over $22 million in the last three months.

Morningstar, Inc. (NASDAQ:MORN - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $230.86 and last traded at $235.43, with a volume of 1032620 shares. The stock had previously closed at $233.70.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Morningstar from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $361.67.

Morningstar Stock Down 0.4%

The firm has a market cap of $9.87 billion, a P/E ratio of 24.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. The firm's fifty day moving average is $263.74 and its 200 day moving average is $284.62.

Morningstar (NASDAQ:MORN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.21 by $0.19. The business had revenue of $605.10 million during the quarter, compared to the consensus estimate of $605.84 million. Morningstar had a net margin of 17.22% and a return on equity of 23.54%.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 6,705 shares of Morningstar stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $260.65, for a total transaction of $1,747,658.25. Following the completion of the sale, the chairman owned 9,312,836 shares of the company's stock, valued at approximately $2,427,390,703.40. The trade was a 0.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 85,500 shares of company stock worth $22,341,957. Insiders own 36.20% of the company's stock.

Institutional Trading of Morningstar

Several hedge funds and other institutional investors have recently modified their holdings of MORN. Hughes Financial Services LLC bought a new stake in shares of Morningstar during the 1st quarter worth about $25,000. Osterweis Capital Management Inc. bought a new stake in Morningstar in the 2nd quarter valued at about $29,000. IFP Advisors Inc boosted its holdings in Morningstar by 270.3% in the 2nd quarter. IFP Advisors Inc now owns 137 shares of the business services provider's stock valued at $43,000 after purchasing an additional 100 shares during the period. Larson Financial Group LLC boosted its holdings in Morningstar by 5,066.7% in the 1st quarter. Larson Financial Group LLC now owns 155 shares of the business services provider's stock valued at $46,000 after purchasing an additional 152 shares during the period. Finally, MAI Capital Management boosted its holdings in Morningstar by 37.8% in the 1st quarter. MAI Capital Management now owns 153 shares of the business services provider's stock valued at $46,000 after purchasing an additional 42 shares during the period. 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.