Douglas J. Shaw Sells 25,000 Shares of Monotype Imaging Holdings Inc. (TYPE) Stock
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Douglas J. Shaw sold 25,000 shares of Monotype Imaging Holdings stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $20.90, for a total transaction of $522,500.00. Following the sale, the director now owns 94,897 shares of the company’s stock, valued at approximately $1,983,347.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.25 on Friday. The firm has a 50-day moving average of $21.23 and a 200-day moving average of $22.51. The company has a market cap of $836.76 million, a price-to-earnings ratio of 34.55 and a beta of 0.90. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm earned $48.70 million during the quarter, compared to analysts’ expectations of $48.98 million. Monotype Imaging Holdings had a net margin of 12.46% and a return on equity of 11.28%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. Equities analysts forecast that Monotype Imaging Holdings Inc. will post $0.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Monday, October 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.07%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is currently 72.13%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC bought a new position in Monotype Imaging Holdings during the second quarter worth approximately $196,000. Royal Bank of Canada increased its position in Monotype Imaging Holdings by 3.7% in the second quarter. Royal Bank of Canada now owns 53,785 shares of the company’s stock valued at $1,323,000 after buying an additional 1,898 shares in the last quarter. Sterling Capital Management LLC increased its position in Monotype Imaging Holdings by 1.9% in the second quarter. Sterling Capital Management LLC now owns 65,531 shares of the company’s stock valued at $1,614,000 after buying an additional 1,200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Monotype Imaging Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,336 shares of the company’s stock valued at $3,358,000 after buying an additional 2,376 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Monotype Imaging Holdings by 14.9% in the second quarter. Stifel Financial Corp now owns 53,448 shares of the company’s stock valued at $1,317,000 after buying an additional 6,933 shares in the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on TYPE shares. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. B. Riley reissued a “buy” rating and set a $24.00 price objective on shares of Monotype Imaging Holdings in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.80.
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).
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