Monotype Imaging Holdings Inc. (TYPE) Director Douglas J. Shaw Sells 25,000 Shares
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) 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 transaction of $522,500.00. Following the completion of the transaction, the director now owns 94,897 shares in the company, valued at $1,983,347.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.25 on Friday. The stock has a market capitalization of $836.76 million, a PE 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. The firm has a 50 day moving average of $21.23 and a 200-day moving average of $22.51.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. On average, equities analysts predict that Monotype Imaging Holdings Inc. will post $0.96 EPS for the current 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 $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is currently 72.13%.
Institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new position in Monotype Imaging Holdings during the second quarter valued at about $196,000. Royal Bank of Canada boosted 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 boosted 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. boosted 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 boosted 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. Hedge funds and other institutional investors own 93.58% of the company’s stock.
Several analysts have recently commented on TYPE shares. Zacks Investment Research downgraded shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley restated a “buy” rating and set a $24.00 price objective on shares of Monotype Imaging Holdings in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average 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).
Receive News & Stock Ratings for Monotype Imaging Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging Holdings Inc. and related stocks with our FREE daily email newsletter.