New York State Common Retirement Fund Has $1.14 Million Position in Monotype Imaging Holdings Inc. (TYPE)

New York State Common Retirement Fund lowered its stake in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,164 shares of the software maker’s stock after selling 21,567 shares during the period. New York State Common Retirement Fund owned 0.16% of Monotype Imaging Holdings worth $1,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Group AG boosted its stake in shares of Monotype Imaging Holdings by 12.2% during the first 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 stake in shares of Monotype Imaging Holdings by 79.1% during the second 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. Municipal Employees Retirement System of Michigan boosted its stake in shares of Monotype Imaging Holdings by 3.7% during the first quarter. Municipal Employees Retirement System of Michigan now owns 9,510 shares of the software maker’s stock valued at $191,000 after acquiring an additional 340 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Monotype Imaging Holdings by 57.2% during the second quarter. BNP Paribas Arbitrage SA now owns 13,474 shares of the software maker’s stock valued at $247,000 after acquiring an additional 4,905 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Monotype Imaging Holdings by 3.6% during the first quarter. First Trust Advisors LP now owns 14,505 shares of the software maker’s stock valued at $292,000 after acquiring an additional 501 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. B. Riley FBR, Inc. increased their price objective on Monotype Imaging Holdings from $20.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. B. Riley reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, ValuEngine raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has a consensus rating of “Hold” and an average price target of $21.83.

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

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Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $60.50 million for the quarter, compared to analyst estimates of $59.35 million. Monotype Imaging Holdings had a return on equity of 2.47% and a net margin of 0.06%. Monotype Imaging Holdings’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share.

Monotype Imaging Holdings 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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