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Morningstar (NASDAQ:MORN) Director Jack Noonan sold 1,000 shares of Morningstar stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $72.59, for a total value of $72,590.00. Following the sale, the director now directly owns 60,701 shares of the company’s stock, valued at approximately $4,406,286. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Separately, analysts at Zacks downgraded shares of Morningstar from a “hold” rating to a “sell” rating in a research note on Wednesday, April 16th.

Morningstar (NASDAQ:MORN) traded up 0.40% on Thursday, hitting $72.86. The stock had a trading volume of 17,872 shares. Morningstar has a one year low of $67.77 and a one year high of $85.97. The stock’s 50-day moving average is $72.12 and its 200-day moving average is $77.07. The company has a market cap of $3.259 billion and a price-to-earnings ratio of 27.78.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.09. The company had revenue of $181.20 million for the quarter, compared to the consensus estimate of $180.77 million. Analysts expect that Morningstar will post $2.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Friday, July 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.94%.

Morningstar, Inc, is a provider of independent investment research to investors worldwide. It operates in two segments: Investment Information and Investment Management.

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