Monotype Imaging Holdings Inc. (NASDAQ:TYPE) had its target price lifted by B. Riley from $20.00 to $24.50 in a report released on Wednesday, November 1st. They currently have a neutral rating on the software maker’s stock.
A number of other research firms have also recently commented on TYPE. Zacks Investment Research cut shares of Monotype Imaging Holdings from a hold rating to a sell rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Monotype Imaging Holdings from a sell rating to a hold rating in a research note on Monday, July 24th. Finally, ValuEngine upgraded shares of Monotype Imaging Holdings from a sell rating to a hold rating in a research note on Wednesday, September 6th. Five research analysts have rated the stock with a hold rating, The company has an average rating of Hold and an average target price of $22.75.
Monotype Imaging Holdings (NASDAQ TYPE) traded up $0.20 during mid-day trading on Wednesday, reaching $24.75. 220,238 shares of the company were exchanged, compared to its average volume of 285,603. The firm has a market cap of $1,024.58, a PE ratio of 129.21, a PEG ratio of 8.18 and a beta of 0.98. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. Monotype Imaging Holdings has a one year low of $15.75 and a one year high of $24.75.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its earnings results on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging Holdings had a net margin of 0.06% and a return on equity of 2.47%. Monotype Imaging Holdings’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. sell-side analysts anticipate that Monotype Imaging Holdings will post 0.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be paid a $0.113 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, December 29th.
In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $18.25, for a total value of $27,375.00. Following the completion of the transaction, the director now directly owns 26,140 shares in the company, valued at approximately $477,055. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TYPE. Pinebridge Investments L.P. grew its holdings in shares of Monotype Imaging Holdings by 2.4% during the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after buying an additional 131 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Monotype Imaging Holdings by 85.7% during the 2nd quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock valued at $127,000 after acquiring an additional 3,222 shares during the last quarter. UBS Group AG boosted its position in shares of Monotype Imaging Holdings by 12.2% during the 1st quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock valued at $141,000 after acquiring an additional 759 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Monotype Imaging Holdings by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock valued at $150,000 after acquiring an additional 3,624 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Monotype Imaging Holdings by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock valued at $181,000 after acquiring an additional 380 shares during the last quarter. 85.67% of the stock is owned by institutional investors.
About Monotype Imaging Holdings
Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).
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