Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) have been assigned an average broker rating score of 1.75 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company.

Analysts have set a twelve-month consensus price target of $23.88 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Monotype Imaging Holdings an industry rank of 150 out of 265 based on the ratings given to its competitors.

A number of analysts have recently commented on TYPE shares. Zacks Investment Research downgraded Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, February 25th. JPMorgan Chase & Co. upgraded Monotype Imaging Holdings from an “underweight” rating to a “neutral” rating in a research note on Thursday, January 12th. Finally, B. Riley restated a “buy” rating and issued a $22.50 target price on shares of Monotype Imaging Holdings in a research note on Sunday, February 26th.

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Monotype Imaging Holdings (NASDAQ:TYPE) traded down 2.063% during midday trading on Friday, hitting $20.175. The company had a trading volume of 243,361 shares. The stock has a market capitalization of $795.40 million, a PE ratio of 55.732 and a beta of 0.99. Monotype Imaging Holdings has a 52 week low of $17.31 and a 52 week high of $25.37. The stock has a 50 day moving average price of $19.70 and a 200-day moving average price of $20.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, February 17th. The software maker reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.07. Monotype Imaging Holdings had a return on equity of 9.55% and a net margin of 9.50%. The company earned $52.60 million during the quarter, compared to analysts’ expectations of $55.15 million. During the same quarter in the previous year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Monotype Imaging Holdings will post $0.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Monday, April 3rd will be paid a $0.113 dividend. This is an increase from Monotype Imaging Holdings’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 30th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.19%. Monotype Imaging Holdings’s dividend payout ratio is presently 93.62%.

In other Monotype Imaging Holdings news, Director Douglas J. Shaw sold 2,354 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $20.00, for a total transaction of $47,080.00. Following the transaction, the director now owns 17,543 shares in the company, valued at $350,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas J. Shaw sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $22.79, for a total value of $569,750.00. Following the transaction, the director now owns 26,035 shares in the company, valued at approximately $593,337.65. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TYPE. Prudential Financial Inc. increased its position in shares of Monotype Imaging Holdings by 8.1% in the third quarter. Prudential Financial Inc. now owns 167,910 shares of the software maker’s stock worth $3,713,000 after buying an additional 12,540 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Monotype Imaging Holdings by 14.5% in the third quarter. UBS Asset Management Americas Inc. now owns 58,567 shares of the software maker’s stock worth $1,295,000 after buying an additional 7,432 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Monotype Imaging Holdings by 11.0% in the third quarter. Victory Capital Management Inc. now owns 6,360 shares of the software maker’s stock worth $141,000 after buying an additional 632 shares in the last quarter. First Trust Advisors LP increased its position in shares of Monotype Imaging Holdings by 17.3% in the third quarter. First Trust Advisors LP now owns 25,731 shares of the software maker’s stock worth $569,000 after buying an additional 3,789 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Monotype Imaging Holdings by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 335,671 shares of the software maker’s stock worth $7,422,000 after buying an additional 2,477 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

About Monotype Imaging Holdings

Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).

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