Mason Street Advisors LLC bought a new stake in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,949 shares of the company’s stock, valued at approximately $196,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in Monotype Imaging Holdings during the second quarter valued at $108,000. Huntington National Bank increased its stake in Monotype Imaging Holdings by 29.8% in the second quarter. Huntington National Bank now owns 4,933 shares of the company’s stock valued at $121,000 after buying an additional 1,132 shares during the last quarter. PineBridge Investments L.P. increased its stake in Monotype Imaging Holdings by 5.5% in the second quarter. PineBridge Investments L.P. now owns 5,157 shares of the company’s stock valued at $127,000 after buying an additional 267 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Monotype Imaging Holdings by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 5,583 shares of the company’s stock valued at $138,000 after buying an additional 665 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Monotype Imaging Holdings by 36.8% in the second quarter. Victory Capital Management Inc. now owns 5,728 shares of the company’s stock valued at $141,000 after buying an additional 1,541 shares during the last quarter. 93.58% of the stock is currently owned by institutional investors.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.36 on Thursday. The stock has a market cap of $841.09 million, a P/E ratio of 34.73 and a beta of 0.90. The stock has a 50 day moving average price of $21.27 and a 200-day moving average price of $22.47. Monotype Imaging Holdings Inc. has a 52 week low of $17.31 and a 52 week high of $27.76.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Monotype Imaging Holdings had a return on equity of 11.28% and a net margin of 12.46%. The company had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $48.98 million. During the same period last year, the firm earned $0.24 earnings per share. Monotype Imaging Holdings’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts predict that Monotype Imaging Holdings Inc. will post $0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Monday, October 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is currently 72.13%.
Several analysts have weighed in on the company. B. Riley reiterated a “buy” rating and set a $24.00 price target on shares of Monotype Imaging Holdings in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.80.
In related news, Director Douglas J. Shaw sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $20.90, for a total value of $522,500.00. Following the transaction, the director now owns 94,897 shares in the company, valued at approximately $1,983,347.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven R. Martin sold 2,000 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $21.46, for a total value of $42,920.00. Following the completion of the transaction, the vice president now owns 83,883 shares in the company, valued at approximately $1,800,129.18. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
About Monotype Imaging Holdings
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).