Shares now up at $85.54 (MORN) Morningstar Updates Analyst Ratings for…

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Morningstar, Inc. (NASDAQ:MORN):

Morningstar Updates Analyst Ratings for 62 of the Nation’s Largest 529 College-Savings Plans, Including Six Upgrades and Three Downgrades.

The company is now up by 0.53% percent from yesterday’s close.

The company also recently announced a dividend that will be paid on Tuesday October 31st, 2017. The dividend payment will be $0.230 per share for the quarter or $0.92 on an annualized basis. The dividend yield will be $1.08. The ex-dividend date has been established as Tuesday the 17th of October 2017.

Morningstar, Inc., launched on May 16, 1984, is a provider of independent investment research in North America, Europe, Australia and Asia. The Company focuses on creating products that help investors reach their financial goals. The Company offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, retirement plan providers and sponsors, and individual investors. It also provides data on the private capital markets. It provides data and research insights on a range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. It conducts its business operations outside of the United States through subsidiaries based in countries, including Australia, Brazil, Canada, Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People’s Republic of China (both Hong Kong and the mainland), Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Arab Emirates, and the United Kingdom..

It is currently trading at $85.54 slightly over $83.83, the 50 day moving average and a tad above the 200 day moving average of $79.35. The 50 day moving average was up by +2.03% and the 200 day average moved up $6.19.

Morningstar, Inc.’s P/E ratio is 22.45 and market capitalization is 3.64B.

Short traders are more bullish on Morningstar, Inc. lately if you consider the fall in short interest. The firm saw a fall in short interest of -6.30% between September 15, 2017 and September 29, 2017. Short shares decreased 20,433 over that timeframe. Days to cover increased from 7.0 to 8.0 and the percentage of shorted shares is 0.01% as of September 29.