Last $69.03 USD
Change Today -0.01 / -0.01%
Volume 34.9K
MORN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Munich
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

morningstar inc (MORN) Snapshot

Open
$69.20
Previous Close
$69.04
Day High
$69.54
Day Low
$68.53
52 Week High
11/22/13 - $85.97
52 Week Low
05/21/14 - $67.77
Market Cap
3.1B
Average Volume 10 Days
54.0K
EPS TTM
$0.84
Shares Outstanding
44.7M
EX-Date
07/9/14
P/E TM
81.8x
Dividend
$0.68
Dividend Yield
0.92%
Current Stock Chart for MORNINGSTAR INC (MORN)

morningstar inc (MORN) Details

Morningstar Inc. provides independent investment research to investors worldwide. It offers Internet-, software-, and print-based products for individuals, financial advisors, and institutions. It also supplies asset-management services to advisors, institutions, and retirement-plan participants. Morningstar was founded in 1984 and is headquartered in Chicago, Ill.

3,645 Employees
Last Reported Date: 05/1/14
Founded in 1984

morningstar inc (MORN) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: $100.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $45.1K
President of Morningstar Investment Managemen...
Total Annual Compensation: $300.0K
Managing Director and Director
Total Annual Compensation: $300.0K
Chief Technology Officer
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

morningstar inc (MORN) Key Developments

Morningstar and Business Logic Settle Dispute

Morningstar Inc. has reached an agreement to settle its dispute with Business Logic Holding Corporation. Under terms of the agreement, Morningstar has secured a license to the intellectual property that was at the heart of the dispute. Morningstar will pay Business Logic $61.0 million, which is approximately $38.2 million after taxes or 85 cents per share. Morningstar will record the expense in the second quarter of 2014. The lawsuit stems from a 2003 contract between Business Logic and Ibbotson Associates, which is now a wholly owned subsidiary of Morningstar Inc. Business Logic gave Ibbotson the right to embed and combine its software with Ibbotson's software to develop Advice by Ibbotson, the company's advice and managed account platform for retirement plan participants. Morningstar acquired Ibbotson in 2006. When the contract between Ibbotson and Business Logic ended in 2009, Ibbotson replaced the Business Logic software with its own. Business Logic claimed that Morningstar and Ibbotson breached the contract and used Business Logic trade secrets to develop the new software. Business Logic filed suit against Morningstar and Ibbotson in 2009 and Morningstar and Ibbotson contested the claims.

Morningstar Inc. and Ibbotson Associates Inc. Settle Software Piracy Lawsuit Filed by Business Logic Corp

Morningstar Inc. has settled a software piracy lawsuit filed against it by Business Logic Corp. The trial, which was scheduled to start on July 7, 2014 in Chicago, has been canceled. The lawsuit filed by Business Logic in 2009 alleged that Morningstar and unit Ibbotson Associates Inc. misappropriated Business Logic's trade secrets. Business Logic sought in $64.3 million compensatory damages.

Intercontinental Exchange Selects Morningstar to Provide Financial Data for the Redesigned NYSE.com

Intercontinental Exchange has selected Morningstar Inc. to provide comprehensive financial data and web solutions for the New York Stock Exchange's redesigned website, www.nyse.com. Morningstar is providing NYSE.com with a broad range of custom and ready-to-integrate online components such as comprehensive market and fundamental data, including intraday pricing, detailed corporate actions, interactive charting, and breaking news for equities, closed-end funds, exchange-traded funds, and futures.

 

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Industry Analysis

MORN

Industry Average

Valuation MORN Industry Range
Price/Earnings 26.4x
Price/Sales 4.4x
Price/Book 4.4x
Price/Cash Flow 18.5x
TEV/Sales 4.0x
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