News stories about Morningstar (NASDAQ:MORN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morningstar earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 44.2773625014205 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s analysis:
Separately, BidaskClub upgraded shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th.
Morningstar (NASDAQ MORN) opened at $88.70 on Friday. Morningstar has a 52 week low of $68.43 and a 52 week high of $89.45. The stock has a market cap of $3,772.41, a P/E ratio of 33.73 and a beta of 0.75. 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 also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 18th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, October 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.04%. Morningstar’s dividend payout ratio is currently 23.53%.
In other news, Director Gail S. Landis sold 500 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $87.00, for a total value of $43,500.00. Following the completion of the sale, the director now owns 47,921 shares in the company, valued at approximately $4,169,127. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack Noonan sold 20,000 shares of Morningstar stock in a transaction that occurred on Monday, October 30th. The stock was 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 directly owns 3,344 shares in the company, valued at approximately $285,778.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,000 shares of company stock valued at $1,795,200. Corporate insiders own 57.40% of the company’s stock.
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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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