Ameriprise Financial Inc. boosted its position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 5.0% during the second quarter, Holdings Channel reports. The institutional investor owned 214,556 shares of the company’s stock after buying an additional 10,306 shares during the period. Ameriprise Financial Inc. owned 0.54% of Monotype Imaging Holdings worth $5,285,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of TYPE. Bank of Montreal Can purchased a new stake in shares of Monotype Imaging Holdings during the second quarter worth $108,000. Huntington National Bank boosted its stake in shares of Monotype Imaging Holdings by 29.8% in the second quarter. Huntington National Bank now owns 4,933 shares of the company’s stock worth $121,000 after buying an additional 1,132 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Monotype Imaging Holdings by 1.9% in the second quarter. Capstone Asset Management Co. now owns 11,963 shares of the company’s stock worth $295,000 after buying an additional 220 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Monotype Imaging Holdings by 121.8% in the second quarter. BNP Paribas Arbitrage SA now owns 12,834 shares of the company’s stock worth $316,000 after buying an additional 7,048 shares in the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Monotype Imaging Holdings during the second quarter worth $320,000. Institutional investors own 93.58% of the company’s stock.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) traded down 0.05% during midday trading on Friday, hitting $21.37. The stock had a trading volume of 14,900 shares. The firm has a market cap of $841.49 million, a PE ratio of 34.75 and a beta of 0.90. The stock has a 50-day moving average price of $21.29 and a 200 day moving average price of $22.46. Monotype Imaging Holdings Inc. has a one year low of $17.31 and a one year high of $27.76.
Monotype Imaging Holdings (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm earned $48.70 million during the quarter, compared to analyst estimates of $48.98 million. During the same quarter last year, the firm earned $0.24 EPS. Monotype Imaging Holdings’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Monotype Imaging Holdings Inc. will post $0.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.06%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is presently 72.13%.
A number of equities research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $24.00 price objective on shares of Monotype Imaging Holdings in a research note on Tuesday, October 4th. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.80.
In other Monotype Imaging Holdings news, EVP Benjamin W.L. Semmes III acquired 12,500 shares of the stock in a transaction on Monday, August 1st. The stock was purchased at an average price of $20.49 per share, for a total transaction of $256,125.00. Following the purchase, the executive vice president now directly owns 62,163 shares in the company, valued at $1,273,719.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven R. Martin sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $21.46, for a total value of $42,920.00. Following the sale, the vice president now owns 83,883 shares of the company’s stock, valued at approximately $1,800,129.18. The disclosure for this sale can be found here. Company insiders own 2.30% 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).