Neuberger Berman Group LLC raised its position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 5.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,149,315 shares of the company’s stock after buying an additional 219,589 shares during the period. Neuberger Berman Group LLC owned about 10.38% of Monotype Imaging Holdings worth $91,741,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Prudential Financial Inc. raised its position in Monotype Imaging Holdings by 25.2% in the second quarter. Prudential Financial Inc. now owns 155,370 shares of the company’s stock worth $3,827,000 after buying an additional 31,300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Monotype Imaging Holdings by 3.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,217,967 shares of the company’s stock worth $54,628,000 after buying an additional 76,307 shares in the last quarter. Bank of Montreal Can purchased a new position in Monotype Imaging Holdings during the second quarter worth approximately $108,000. UBS Asset Management Americas Inc. raised its position in Monotype Imaging Holdings by 8.5% in the first quarter. UBS Asset Management Americas Inc. now owns 76,543 shares of the company’s stock worth $1,830,000 after buying an additional 6,023 shares in the last quarter. Finally, Columbus Circle Investors raised its position in Monotype Imaging Holdings by 83.3% in the second quarter. Columbus Circle Investors now owns 690,730 shares of the company’s stock worth $17,013,000 after buying an additional 313,844 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) traded down 0.628% during trading on Monday, reaching $19.775. 92,056 shares of the company were exchanged. Monotype Imaging Holdings Inc. has a one year low of $17.31 and a one year high of $27.18. The stock has a market capitalization of $790.55 million, a price-to-earnings ratio of 41.808 and a beta of 0.93. The company has a 50 day moving average price of $20.14 and a 200-day moving average price of $21.82.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings results on Friday, October 28th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Monotype Imaging Holdings had a return on equity of 9.55% and a net margin of 9.50%. The firm earned $52.20 million during the quarter, compared to the consensus estimate of $51.77 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Equities analysts predict that Monotype Imaging Holdings Inc. will post $0.93 EPS for the current year.
The company also recently declared 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. This represents a $0.44 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, December 28th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is currently 93.62%.
TYPE has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and issued a $24.00 price target on shares of Monotype Imaging Holdings in a research report on Tuesday, October 4th. Zacks Investment Research lowered shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Monotype Imaging Holdings has a consensus rating of “Hold” and a consensus target price of $26.50.
In other news, Director Douglas J. Shaw sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $20.90, for a total value of $522,500.00. Following the completion of the sale, the director now owns 94,897 shares of the company’s stock, valued at approximately $1,983,347.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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).