Royal Bank of Canada Purchases 739 Shares of Monotype Imaging Holdings Inc. (TYPE)

Royal Bank of Canada boosted its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,759 shares of the software maker’s stock after purchasing an additional 739 shares during the quarter. Royal Bank of Canada owned about 0.21% of Monotype Imaging Holdings worth $1,496,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Pinebridge Investments L.P. grew its stake in shares of Monotype Imaging Holdings by 2.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after purchasing an additional 131 shares during the last quarter. Advisor Group Inc. increased its position in shares of Monotype Imaging Holdings by 85.7% in the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock worth $127,000 after acquiring an additional 3,222 shares in the last quarter. UBS Group AG increased its position in shares of Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after acquiring an additional 759 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock worth $150,000 after acquiring an additional 3,624 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Monotype Imaging Holdings by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock worth $181,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Monotype Imaging Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. B. Riley restated a “neutral” rating and issued a $20.00 price objective on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Finally, BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $20.50.

In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $18.90, for a total value of $28,350.00. Following the transaction, the director now owns 27,640 shares in the company, valued at $522,396. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

Monotype Imaging Holdings Inc. (TYPE) opened at 23.05 on Wednesday. The company’s 50-day moving average is $20.66 and its 200-day moving average is $19.51. Monotype Imaging Holdings Inc. has a 12 month low of $15.75 and a 12 month high of $24.45. The company has a market cap of $914.09 million, a price-to-earnings ratio of 794.83 and a beta of 0.93.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The firm had revenue of $60.50 million for the quarter, compared to the consensus estimate of $59.35 million. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, equities research analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current year.

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Monotype Imaging Holdings Company Profile

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).

Institutional Ownership by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

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