Morningstar, Inc. (MORN) - NASDAQ
  • Dec. 4, 2015, 4:26 PM
    • After a solid day traveling with the market following a strong jobs report, Morningstar (MORN +2%) is down 2% after hours after it hiked its dividend and its buyback authorization.
    • The company raised its dividend 16%, to a quarterly $0.22, with a dividend payable Jan. 29. It expects to issue three more dividends in 2016.
    • Meanwhile, a $300M increase to its repurchase authorization brings the total to $1B. Year-to-date, the company has bought back about $92M worth.
    • Still remaining under the current up-to-date authorization is $381M worth of room.
    | Dec. 4, 2015, 4:26 PM
  • Nov. 23, 2015, 4:41 PM
    • In an 8-K filing, Morningstar (MORN +1.8%) notes that its chief technology officer Greg Goff has elected to leave the firm effective Dec. 4.
    • Goff will be joining Uptake Technologies, a recently opened Chicago-based data analytics company.
    | Nov. 23, 2015, 4:41 PM
  • Oct. 21, 2015, 5:15 PM
    • Morningstar (NASDAQ:MORN) is off 0.3% after hours, adding on to today's 2% decline, after a Q3 report where it missed earnings and revenue expectations
    • While revenues increased 1.1%, organic revenues rose 4.9%. By key products: Morningstar Data, $35.6M (up 3.5%); Morningstar Advisor Workstation, $26.5M (up 3.9%); Morningstar Direct, $25.4M (up 7.6%); Retirement Solutions, $16.2M (up 14.9%); Morningstar.com, $13.8M (up 3.8%).
    • Two areas faced "some headwinds," says CEO Joe Mansueto: "New issuance volume for our credit ratings business remained strong, but market volatility still adversely affected us during the quarter. Also, negative market returns this year restrained asset growth for Morningstar Managed Portfolios."
    • Registered users of the website grew 4.4%, though premium subscriptions declined 0.4%. Morningstar Direct licenses grew 15.2% to 11,111.
    • Free cash flow of $63.3M -- up $66.7M from the same period last year, when the company included a $61M litigation settlement payment.
    | Oct. 21, 2015, 5:15 PM | 1 Comment
Company Description
Morningstar, Inc. provides financial data and investment advisory services. It provides data on investment offerings including stocks, mutual funds and similar vehicles, along with real time global market data equities, indexes, futures, options, commodities and precious metals in addition to... More
Sector: Technology
Industry: Information & Delivery Services
Country: United States