Somewhat Positive Press Coverage Somewhat Unlikely to Affect Morningstar (MORN) Share Price

Press coverage about Morningstar (NASDAQ:MORN) has been trending somewhat positive on Monday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Morningstar earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.4980186932644 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Separately, BidaskClub downgraded Morningstar from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th.

Morningstar (NASDAQ:MORN) traded down $1.85 during midday trading on Monday, reaching $98.70. The company’s stock had a trading volume of 52,442 shares, compared to its average volume of 53,529. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4,276.36, a P/E ratio of 25.24 and a beta of 0.77. Morningstar has a 12 month low of $68.43 and a 12 month high of $103.46.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.79 earnings per share for the quarter. Morningstar had a return on equity of 15.43% and a net margin of 19.11%.

Morningstar announced that its board has authorized a share repurchase plan on Friday, December 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. This is an increase from Morningstar’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, January 4th. Morningstar’s payout ratio is presently 25.58%.

In other news, Director Steven N. Kaplan sold 2,500 shares of Morningstar stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $91.85, for a total value of $229,625.00. Following the completion of the transaction, the director now owns 44,821 shares in the company, valued at $4,116,808.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack Noonan sold 20,000 shares of Morningstar stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $85.46, for a total transaction of $1,709,200.00. Following the completion of the transaction, the director now owns 3,344 shares of the company’s stock, valued at approximately $285,778.24. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock worth $2,224,600 over the last ninety days. Company insiders own 57.40% of the company’s stock.

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Morningstar Company Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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