Monotype Imaging Holdings Inc. (NASDAQ:TYPE) announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Monday, October 3rd will be given a dividend of 0.11 per share on Friday, October 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Monotype Imaging Holdings (NASDAQ:TYPE) opened at 22.24 on Wednesday. The company has a market capitalization of $875.74 million, a PE ratio of 36.16 and a beta of 0.79. The stock’s 50 day moving average price is $21.21 and its 200-day moving average price is $22.59. Monotype Imaging Holdings has a 1-year low of $17.31 and a 1-year high of $27.76.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 29th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company earned $48.70 million during the quarter, compared to the consensus estimate of $48.98 million. Monotype Imaging Holdings had a return on equity of 11.28% and a net margin of 12.46%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. On average, equities analysts predict that Monotype Imaging Holdings will post $1.07 EPS for the current year.
In other news, Director Douglas J. Shaw sold 25,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $20.88, for a total value of $522,000.00. Following the sale, the director now directly owns 119,897 shares of the company’s stock, valued at $2,503,449.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Steven R. Martin sold 7,990 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $24.94, for a total value of $199,270.60. Following the completion of the sale, the vice president now directly owns 91,873 shares in the company, valued at $2,291,312.62. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in TYPE. BlackRock Inc. boosted its stake in Monotype Imaging Holdings by 166.5% in the second quarter. BlackRock Inc. now owns 7,591 shares of the company’s stock worth $188,000 after buying an additional 4,743 shares in the last quarter. Profund Advisors LLC bought a new stake in Monotype Imaging Holdings during the second quarter worth approximately $223,000. Clinton Group Inc. boosted its stake in Monotype Imaging Holdings by 39.9% in the second quarter. Clinton Group Inc. now owns 15,071 shares of the company’s stock worth $371,000 after buying an additional 4,300 shares in the last quarter. BOKF NA boosted its stake in Monotype Imaging Holdings by 0.4% in the second quarter. BOKF NA now owns 15,962 shares of the company’s stock worth $393,000 after buying an additional 64 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Monotype Imaging Holdings by 6.0% in the second quarter. Thrivent Financial for Lutherans now owns 19,660 shares of the company’s stock worth $484,000 after buying an additional 1,110 shares in the last quarter. 93.58% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on TYPE. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. B. Riley reiterated a “buy” rating and issued a $24.00 price objective on shares of Monotype Imaging Holdings in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Monotype Imaging Holdings presently has a consensus rating of “Hold” and an average price target of $27.80.
Monotype Imaging Holdings Company Profile
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).
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