Morningstar (MORN) Stock Price, News & Analysis

Company Overview

Morningstar, Inc. provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement. The company offers managing investments, including mutual funds, ETFs, separate accounts, collective investment trusts, model portfolios, equities, and fixed income securities; Morningstar Direct is an investment-analysis and reporting platform; Morningstar Advisor Workstation, a suite of tool to provide help and advice. The PitchBook segment provides data and research covering the private capital markets comprising venture capital, private equity, private credit and bank loans, and merger and acquisition activities; and pitchbook platform. It provides model portfolios and wealth platforms; Morningstar Managed Portfolios, an advisor service with model portfolios designed for fee-based independent financial advisors; and Morningstar.com that discovers, evaluates, and monitors stocks, ETFs, and mutual funds; build and monitor portfolios and markets. In addition, the company provides credit ratings, research, data, and credit analytics solutions; Morningstar DBRS which offers securitizations and other structured finance instruments, such as asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, and collateralized loan obligations. Further, it offers managed retirement accounts, fiduciary services, Morningstar Lifetime Allocation funds, and custom models; Morningstar Indexes offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies; and Morningstar Sustainalytics provides environmental, social and governance data, research, analysis, and insights. Morningstar, Inc. was incorporated in 1984 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $334.34 to $341.33
• 50-Day Range: $307.67 to $350.55
• 52-Week Range: $269.51 to $352.55
• Volume: 16,168 shs
• Average Volume: 118,754 shs
• Market Capitalization: $14.63 billion
• P/E Ratio: 45.08
• Dividend Yield: 0.47%
• Price Target: $360.67
• Consensus Rating: Moderate Buy

Morningstar Stock Analysis - MarketRank™

Morningstar scored higher than 81% of companies evaluated by MarketBeat, and ranked 63rd out of 323 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Morningstar has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Morningstar has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Morningstar is 44.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Morningstar is 44.93, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 35.67.

Price to Book Value per Share Ratio

Morningstar has a P/B Ratio of 9.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.44% of the float of Morningstar has been sold short.

Short Interest Ratio / Days to Cover

Morningstar has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Morningstar has recently decreased by 19.46%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Morningstar has a dividend yield of 0.48%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Morningstar has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of Morningstar is 21.40%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.43

Percentage of Shares Shorted

0.44% of the float of Morningstar has been sold short.

Short Interest Ratio / Days to Cover

Morningstar has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Morningstar has recently decreased by 19.46%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.48

News Sentiment

Morningstar has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Morningstar this week, compared to 13 articles on an average week.

Search Interest

2 people have searched for MORN on MarketBeat in the last 30 days.

MarketBeat Follows

Only 2 people have added Morningstar to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Morningstar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,172,791.00 in company stock.

Percentage Held by Insiders

39.90% of the stock of Morningstar is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

57.02% of the stock of Morningstar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MORN Stock Analysis - Frequently Asked Questions

How have MORN shares performed this year?

Morningstar's stock was trading at $286.24 at the start of the year. Since then, MORN shares have increased by 18.8% and is now trading at $340.09.
View the best growth stocks for 2024 here.

How were Morningstar's earnings last quarter?

Morningstar, Inc. (NASDAQ:MORN) released its quarterly earnings results on Wednesday, October, 23rd. The business services provider reported $2.00 EPS for the quarter, missing analysts' consensus estimates of $2.01 by $0.01. The business services provider earned $569.40 million during the quarter. Morningstar had a trailing twelve-month return on equity of 23.28% and a net margin of 14.69%.

Does Morningstar have any subsidiaries?

Morningstar subsidiaries include these companies: Sustainalytics, PlanPlus Global, AdviserLogic, DBRS, PitchBook Data, InvestSoft Technology, RightPond, and more.

Who are Morningstar's major shareholders?

Morningstar's top institutional shareholders include Bamco Inc. NY (3.04%), Massachusetts Financial Services Co. MA (2.80%), Wellington Management Group LLP (2.22%) and State Street Corp (1.88%). Insiders that own company stock include Joseph D Mansueto, Steven N Kaplan, Jason Dubinsky, Daniel Joseph Dunn, William M Lyons, Robin Diamonte, Gail S Landis and Caroline J Tsay.
View institutional ownership trends.

How do I buy shares of Morningstar?

Shares of MORN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Morningstar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Morningstar investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), iShares Micro-Cap ETF (IWC) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 10/04/2024
• Last Earnings: 10/23/2024
• Dividend Payable: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Investment advice
• Sub-Industry: Publishing
• Current Symbol: NASDAQ:MORN
• CUSIP: 61770010
• CIK: 1289419
• Web: www.morningstar.com
• Phone: (312) 696-6000
• Fax: 312-696-6009
• Employees: 11,334
• Year Founded: 1984

Price Target and Rating

• Average Stock Price Target: $360.67
• High Stock Price Target: $390.00
• Low Stock Price Target: $340.00
• Potential Upside/Downside: +7.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.57
• Trailing P/E Ratio: 44.36
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $141.10 million
• Net Margins: 14.69%
• Pretax Margin: 18.84%
• Return on Equity: 23.28%
• Return on Assets: 9.66%

Debt

• Debt-to-Equity Ratio: 0.55
• Current Ratio: 1.14
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $2.04 billion
• Price / Sales: 7.06
• Cash Flow: $9.50 per share
• Price / Cash Flow: 35.35
• Book Value: $36.51 per share
• Price / Book: 9.20

Miscellaneous

• Outstanding Shares: 42,880,000
• Free Float: 25,773,000
• Market Cap: $14.40 billion
• Optionable: Optionable
• Beta: 1.18