Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has been given an average broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Monotype Imaging Holdings’ rating score has declined by 69.2% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price objective of $24.25 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Monotype Imaging Holdings an industry rank of 158 out of 265 based on the ratings given to related companies.
Several brokerages recently commented on TYPE. B. Riley reissued a “buy” rating and issued a $24.00 price target on shares of Monotype Imaging Holdings in a research note on Tuesday, October 4th. Zacks Investment Research cut Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 7th.
Monotype Imaging Holdings (NASDAQ:TYPE) opened at 19.90 on Tuesday. The firm has a 50-day moving average of $20.13 and a 200-day moving average of $21.82. The firm has a market cap of $795.54 million, a P/E ratio of 42.07 and a beta of 0.93. Monotype Imaging Holdings has a 12-month low of $17.31 and a 12-month high of $27.18.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The business earned $52.20 million during the quarter, compared to analysts’ expectations of $51.77 million. Monotype Imaging Holdings had a return on equity of 9.55% and a net margin of 9.50%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. On average, analysts expect that Monotype Imaging Holdings will post $0.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Monday, January 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.44 dividend on an annualized basis and a yield of 2.21%. Monotype Imaging Holdings’s payout ratio is currently 93.62%.
In other Monotype Imaging Holdings news, Director Douglas J. Shaw sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $20.88, for a total transaction of $522,000.00. Following the completion of the sale, the director now owns 119,897 shares of the company’s stock, valued at $2,503,449.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. raised its position in shares of Monotype Imaging Holdings by 44.5% in the third quarter. D.A. Davidson & CO. now owns 11,422 shares of the company’s stock worth $251,000 after buying an additional 3,516 shares during the period. Credit Suisse AG raised its position in shares of Monotype Imaging Holdings by 48.8% in the third quarter. Credit Suisse AG now owns 55,352 shares of the company’s stock worth $1,224,000 after buying an additional 18,158 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Monotype Imaging Holdings during the third quarter worth approximately $1,126,000. Gotham Asset Management LLC raised its position in shares of Monotype Imaging Holdings by 33.8% in the third quarter. Gotham Asset Management LLC now owns 82,649 shares of the company’s stock worth $1,827,000 after buying an additional 20,881 shares during the period. Finally, Clinton Group Inc. raised its position in shares of Monotype Imaging Holdings by 91.5% in the third quarter. Clinton Group Inc. now owns 28,859 shares of the company’s stock worth $638,000 after buying an additional 13,788 shares during the period. Institutional investors own 90.37% of the company’s stock.
Monotype Imaging Holdings Company Profile
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).