Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) have received an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.50.
A number of research firms recently weighed in on TYPE. B. Riley restated a “neutral” rating and issued a $20.00 price target on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Zacks Investment Research downgraded Monotype Imaging Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
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Monotype Imaging Holdings (NASDAQ TYPE) traded up $0.15 during trading on Wednesday, hitting $23.45. The company had a trading volume of 472,102 shares, compared to its average volume of 500,924. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.63 and a current ratio of 2.43. Monotype Imaging Holdings has a 12-month low of $15.75 and a 12-month high of $24.45. The stock has a market capitalization of $978.67 million, a P/E ratio of 123.68, a PEG ratio of 6.03 and a beta of 0.98.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. Monotype Imaging Holdings had a return on equity of 2.47% and a net margin of 0.06%. The firm had revenue of $60.50 million for the quarter, compared to the consensus estimate of $59.35 million. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. research analysts expect that Monotype Imaging Holdings will post 0.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.113 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.45 annualized dividend and a yield of 1.93%.
In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction on Monday, August 28th. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. Following the completion of the transaction, the director now directly owns 26,140 shares of the company’s stock, valued at $477,055. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Monotype Imaging Holdings by 0.6% during the second quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock worth $90,506,000 after purchasing an additional 28,680 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Monotype Imaging Holdings by 3.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock worth $77,434,000 after purchasing an additional 148,585 shares during the last quarter. Vanguard Group Inc. raised its holdings in Monotype Imaging Holdings by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock worth $68,777,000 after purchasing an additional 74,910 shares during the last quarter. Trigran Investments Inc. raised its holdings in Monotype Imaging Holdings by 33.0% during the second quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock worth $33,825,000 after purchasing an additional 459,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Monotype Imaging Holdings by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,416,107 shares of the software maker’s stock worth $25,915,000 after purchasing an additional 17,262 shares during the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.
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).
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