Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Douglas J. Shaw sold 25,000 shares of Monotype Imaging Holdings stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $20.90, for a total value of $522,500.00. Following the completion of the transaction, the director now owns 94,897 shares in the company, valued at approximately $1,983,347.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.25 on Friday. The stock has a market cap of $836.76 million, a price-to-earnings ratio of 34.55 and a beta of 0.90. The stock’s 50 day moving average price is $21.23 and its 200-day moving average price is $22.51. 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 earnings results on Friday, July 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $48.70 million for the quarter, compared to analyst estimates of $48.98 million. During the same quarter in the prior year, the company earned $0.24 EPS. Monotype Imaging Holdings’s revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Monotype Imaging Holdings Inc. will post $0.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Monday, October 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 29th. Monotype Imaging Holdings’s payout ratio is 72.13%.
A number of institutional investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in Monotype Imaging Holdings during the second quarter valued at about $108,000. Huntington National Bank raised its position 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. raised its position 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 raised its position 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. raised its position 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 hedge funds and other institutional investors.
Several equities analysts have issued reports on TYPE shares. Zacks Investment Research lowered Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Friday. B. Riley reiterated a “buy” rating and issued a $24.00 target price on shares of Monotype Imaging Holdings in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.80.
Monotype Imaging Holdings Company Profile