Morningstar (MORN) Earns Daily News Impact Score of 0.15
Press coverage about Morningstar (NASDAQ:MORN) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Morningstar earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 43.7551761975408 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- A Peek into the MOTI ETF’s Performance (finance.yahoo.com)
- Vanguard rolls out actively managed factor ETFs (investmentnews.com)
- Boston Store at Southridge Mall at high-risk for closure (bizjournals.com)
- Kwanti Now Integrated with Major Custodians and Technology Platforms (prweb.com)
- New Relic Accelerates Enterprise Cloud Adoption and Optimization With Enhanced Offerings for Amazon Web Services (markets.financialcontent.com)
Separately, BidaskClub upgraded shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th.
Shares of Morningstar (NASDAQ MORN) traded down $0.22 on Wednesday, reaching $92.38. 61,400 shares of the company’s stock traded hands, compared to its average volume of 60,923. Morningstar has a 1-year low of $68.43 and a 1-year high of $93.29. The firm has a market capitalization of $3,930.00, a P/E ratio of 35.09 and a beta of 0.75. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 18th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, October 17th. This represents a $0.92 annualized dividend and a yield of 1.00%. Morningstar’s dividend payout ratio is currently 23.59%.
In other Morningstar news, Director Gail S. Landis sold 500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $87.00, for a total transaction of $43,500.00. Following the completion of the transaction, the director now directly owns 47,921 shares in the company, valued at $4,169,127. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jack Noonan sold 20,000 shares of the business’s 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 transaction, the director now owns 3,344 shares of the company’s stock, valued at $285,778.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,500 shares of company stock valued at $2,024,825. Company insiders own 57.40% of the company’s stock.
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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