Morningstar Inc (NASDAQ:MORN):
Morningstar Announces Morningstar Office Cloud, an End-to-End Practice and Portfolio Management Platform for Independent Advisors.
The company is up since yesterday’s close of 88.26.
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..
The company’s P/E ratio is 22.74 and market cap is 3.77B. As of the latest earnings report the EPS was $3.90 with 42.53M shares now outstanding.
Investors are more bearish on shares of the company as implied by the uptick in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 6.76%. Short interest increased 20,531 over that period. The days to cover increased to 9.0 and the percentage of shorted shares was 0.01% on October 13.