Media coverage about Morningstar (NASDAQ:MORN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Morningstar earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.0782107876828 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Critical Analysis: Topcon (TOPCF) vs. Morningstar (MORN) (americanbankingnews.com)
- Lawsuit dismissed against Morningstar, Prudential over alleged RICO violations in 401(k) plan (pionline.com)
- Stocks tumble, led by Facebook and other technology giants (mercurynews.com)
- Morningstar CEO discusses new funds and responds to ratin… (finance.yahoo.com)
- From 33 To 3: Dividend Growth Consumer Staples To Consider (seekingalpha.com)
Shares of MORN stock opened at $97.92 on Wednesday. Morningstar has a 52 week low of $68.43 and a 52 week high of $103.46. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4,151.22, a PE ratio of 35.26 and a beta of 0.69.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. Morningstar’s dividend payout ratio is currently 31.35%.
Morningstar declared that its board has initiated a stock repurchase plan on Friday, December 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Separately, BidaskClub lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th.
In other news, Director Steven N. Kaplan sold 2,500 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $96.91, for a total value of $242,275.00. Following the completion of the sale, the director now directly owns 42,021 shares in the company, valued at approximately $4,072,255.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail S. Landis sold 1,531 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $95.46, for a total value of $146,149.26. Following the completion of the sale, the director now owns 5,350 shares of the company’s stock, valued at approximately $510,711. The disclosure for this sale can be found here. Corporate insiders own 57.40% of the company’s stock.
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.
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