Press coverage about Morningstar (NASDAQ:MORN) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Morningstar earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 43.992365526627 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Morningstar warns of manager exodus at AXA IM (investmentweek.co.uk)
- BRIEF-Dalian Morningstar Network Technology’s Trading In Shares To Resume On June 25 (finance.yahoo.com)
- 2545 Morningstar Rd, Manasquan, NJ 08736 (realtor.com)
- Morningstar’s May Winners & Losers (thinkadvisor.com)
- Morningstar assigns new ratings to five U.S. funds, upgrades 11 funds in May (seekingalpha.com)
Shares of Morningstar opened at $131.86 on Tuesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 43.06 and a beta of 0.68. Morningstar has a twelve month low of $76.25 and a twelve month high of $134.95.
Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, April 25th. The business services provider reported $0.72 earnings per share for the quarter. The firm had revenue of $243.50 million during the quarter. Morningstar had a net margin of 17.00% and a return on equity of 16.54%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, July 6th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%.
A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Morningstar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 19th. ValuEngine upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd.
In other Morningstar news, insider Joseph D. Mansueto sold 20,909 shares of the stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $107.48, for a total transaction of $2,247,299.32. Following the completion of the transaction, the insider now owns 23,771,512 shares in the company, valued at $2,554,962,109.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph D. Mansueto sold 22,071 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $108.86, for a total transaction of $2,402,649.06. Following the transaction, the insider now owns 23,752,986 shares of the company’s stock, valued at approximately $2,585,750,055.96. The disclosure for this sale can be found here. Insiders have sold 346,740 shares of company stock valued at $41,571,357 in the last quarter. Company insiders own 57.50% of the company’s stock.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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