Press coverage about Morningstar (NASDAQ:MORN) has trended somewhat positive on Friday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morningstar earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 47.0265561735175 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
Morningstar (NASDAQ:MORN) traded up $1.09 on Friday, hitting $97.54. 100,632 shares of the company were exchanged, compared to its average volume of 61,430. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $4,101.14, a P/E ratio of 36.67 and a beta of 0.78. Morningstar has a one year low of $68.43 and a one year high of $97.85.
Morningstar declared that its board has initiated a share repurchase program 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a $0.25 dividend. This is an increase from Morningstar’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Morningstar’s dividend payout ratio (DPR) is presently 23.53%.
In other Morningstar news, Director Steven N. Kaplan sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $91.85, for a total transaction of $229,625.00. Following the sale, the director now owns 44,821 shares in the company, valued at approximately $4,116,808.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gail S. Landis sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $87.00, for a total transaction of $43,500.00. Following the sale, the director now owns 47,921 shares in the company, valued at approximately $4,169,127. The disclosure for this sale can be found here. In the last three months, insiders sold 23,500 shares of company stock worth $2,024,825. 57.40% of the stock is currently owned by insiders.
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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.
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