Morningstar (NASDAQ:MORN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Morningstar, Inc. (NASDAQ:MORN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $189.93 and traded as high as $189.99. Morningstar shares last traded at $183.91, with a volume of 532,866 shares traded.

Key Morningstar News

Here are the key news stories impacting Morningstar this week:

  • Positive Sentiment: Morningstar’s high-profile valuation of SpaceX has generated heavy media coverage and may boost visibility for MORN as a credible independent research provider. Article Title
  • Positive Sentiment: Morningstar stock crossed above its 200-day moving average, a technical signal that can attract momentum buyers and suggest improving trend strength. Article Title
  • Neutral Sentiment: Multiple articles repeated Morningstar’s view that SpaceX is significantly overvalued, keeping MORN in the news but not directly changing its fundamentals. Article Title
  • Neutral Sentiment: Morningstar also published commentary on broader market topics, including single-stock turbulence and political fraud claims, which appears more informational than stock-moving for MORN. Article Title

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MORN. Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. UBS Group set a $280.00 price objective on Morningstar in a research report on Friday, February 13th. Finally, BMO Capital Markets cut their price objective on Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $236.50.

Get Our Latest Stock Report on Morningstar

Morningstar Price Performance

The company has a fifty day simple moving average of $176.04 and a two-hundred day simple moving average of $189.90. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 18.92 and a beta of 1.00.

Morningstar (NASDAQ:MORN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.77. The company had revenue of $644.80 million during the quarter, compared to the consensus estimate of $626.91 million. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 7,250 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $166.23, for a total transaction of $1,205,167.50. Following the completion of the sale, the chairman directly owned 8,114,492 shares of the company’s stock, valued at $1,348,872,005.16. The trade was a 0.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 64,720 shares of company stock valued at $11,169,471. Insiders own 38.80% of the company’s stock.

Institutional Trading of Morningstar

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Morningstar by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,491 shares of the business services provider’s stock valued at $252,000 after buying an additional 358 shares during the period. Bank of America Corp DE grew its stake in shares of Morningstar by 11.7% during the 1st quarter. Bank of America Corp DE now owns 183,575 shares of the business services provider’s stock valued at $31,033,000 after buying an additional 19,264 shares during the period. Janus Henderson Group PLC grew its stake in shares of Morningstar by 56.1% during the 1st quarter. Janus Henderson Group PLC now owns 89,885 shares of the business services provider’s stock valued at $15,199,000 after buying an additional 32,296 shares during the period. Amundi grew its stake in shares of Morningstar by 27.0% during the 1st quarter. Amundi now owns 1,775 shares of the business services provider’s stock valued at $300,000 after buying an additional 377 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Morningstar by 15.8% during the 1st quarter. California State Teachers Retirement System now owns 29,423 shares of the business services provider’s stock valued at $4,974,000 after buying an additional 4,016 shares during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

About Morningstar

(Get Free Report)

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.

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