Great West Life Assurance Co. Can Trims Stake in Monotype Imaging Holdings Inc. (TYPE)

Great West Life Assurance Co. Can cut its stake in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,584 shares of the software maker’s stock after selling 3,169 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.14% of Monotype Imaging worth $1,097,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pinebridge Investments L.P. increased its position in shares of Monotype Imaging by 2.4% during the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after acquiring an additional 131 shares during the period. Advisor Group Inc. increased its position in shares of Monotype Imaging by 85.7% during 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 during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Monotype Imaging by 4.0% during 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 during the period. Menta Capital LLC purchased a new position in shares of Monotype Imaging during the second quarter worth approximately $197,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Monotype Imaging by 57.2% during the second quarter. BNP Paribas Arbitrage SA now owns 13,474 shares of the software maker’s stock worth $247,000 after acquiring an additional 4,905 shares during the period. 93.32% of the stock is currently owned by institutional investors and hedge funds.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at $24.10 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.43 and a current ratio of 2.43. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $25.77. The stock has a market cap of $1,007.89, a P/E ratio of 127.11, a PEG ratio of 8.05 and a beta of 1.00.

Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. Monotype Imaging had a net margin of 0.06% and a return on equity of 2.47%. The firm had revenue of $60.50 million for the quarter, compared to the consensus estimate of $59.35 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. analysts predict that Monotype Imaging Holdings Inc. will post 0.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.113 per share. The ex-dividend date is Friday, December 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.88%.

In other news, VP Janet M. Dunlap sold 8,063 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 $2,322,825. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on the stock. J P Morgan Chase & Co lowered shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research report on Tuesday, December 12th. BidaskClub lowered shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. B. Riley raised their target price on shares of Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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).

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

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