BB&T Securities LLC lowered its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 69.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,088 shares of the software maker’s stock after selling 25,376 shares during the quarter. BB&T Securities LLC’s holdings in Monotype Imaging were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Trigran Investments Inc. increased its position in Monotype Imaging by 33.0% during the 2nd quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock valued at $33,825,000 after purchasing an additional 459,025 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Monotype Imaging by 3.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock valued at $77,434,000 after purchasing an additional 148,585 shares during the period. Lapides Asset Management LLC increased its position in Monotype Imaging by 262.9% during the 3rd quarter. Lapides Asset Management LLC now owns 145,900 shares of the software maker’s stock valued at $2,809,000 after purchasing an additional 105,700 shares during the period. Citadel Advisors LLC increased its position in Monotype Imaging by 64.4% during the 3rd quarter. Citadel Advisors LLC now owns 201,913 shares of the software maker’s stock valued at $3,887,000 after purchasing an additional 79,105 shares during the period. Finally, Vanguard Group Inc. increased its position in Monotype Imaging by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock valued at $68,777,000 after purchasing an additional 74,910 shares during the period. 93.32% of the stock is owned by institutional investors.
In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total transaction of $201,575.00. Following the transaction, the vice president now directly owns 92,913 shares in the company, valued at approximately $2,322,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.
Monotype Imaging (NASDAQ:TYPE) last posted its quarterly 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 firm had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging had a return on equity of 1.52% and a net margin of 2.08%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. sell-side analysts anticipate that Monotype Imaging Holdings Inc. will post 0.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, December 29th.
A number of research firms have weighed in on TYPE. J P Morgan Chase & Co downgraded shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 target price for the company. in a research report on Tuesday. BidaskClub downgraded shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley increased their price target on Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Zacks Investment Research cut Monotype Imaging from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.17.
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About Monotype Imaging
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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