Monotype Imaging Holdings Inc. (TYPE) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 8.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,867 shares of the software maker’s stock after buying an additional 4,871 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.15% of Monotype Imaging Holdings worth $1,096,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TYPE. BlackRock Inc. lifted its holdings in shares of Monotype Imaging Holdings by 145,117.0% in the first quarter. BlackRock Inc. now owns 4,917,049 shares of the software maker’s stock worth $98,833,000 after buying an additional 4,913,663 shares in the last quarter. Trigran Investments Inc. lifted its holdings in shares of Monotype Imaging Holdings by 33.0% in the second quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock worth $33,825,000 after buying an additional 459,025 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Monotype Imaging Holdings by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,683,368 shares of the software maker’s stock worth $74,036,000 after buying an additional 295,467 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Monotype Imaging Holdings by 3.6% in 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 buying an additional 148,585 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Monotype Imaging Holdings by 200.1% in the first quarter. Bank of America Corp DE now owns 188,329 shares of the software maker’s stock worth $3,785,000 after buying an additional 125,581 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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 sale, the director now owns 26,140 shares in the company, valued at $477,055. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

TYPE has been the topic of several research analyst reports. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, August 21st. ValuEngine raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, B. Riley boosted their target price on shares of Monotype Imaging Holdings from $20.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating, Monotype Imaging Holdings has a consensus rating of “Hold” and an average target price of $22.75.

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Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at $23.45 on Monday. Monotype Imaging Holdings Inc. has a 1 year low of $15.75 and a 1 year high of $24.45. The firm has a market cap of $978.67, a price-to-earnings ratio of 123.42, a P/E/G ratio of 7.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43.

Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Monotype Imaging Holdings had a net margin of 0.06% and a return on equity of 2.47%. The company had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $59.35 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Monotype Imaging Holdings’s quarterly revenue was up 15.9% on a year-over-year basis. analysts forecast that Monotype Imaging Holdings Inc. will post 0.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be given a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, December 29th.

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

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