Goldman Sachs Group Inc. decreased its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 41.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,996 shares of the software maker’s stock after selling 39,312 shares during the period. Goldman Sachs Group Inc.’s holdings in Monotype Imaging Holdings were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Monotype Imaging Holdings by 145,117.0% in the first quarter. BlackRock Inc. now owns 4,917,049 shares of the software maker’s stock worth $98,833,000 after buying an additional 4,913,663 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Monotype Imaging Holdings by 14.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,082,764 shares of the software maker’s stock worth $82,064,000 after buying an additional 514,219 shares during the period. Vanguard Group Inc. raised its stake in shares of Monotype Imaging Holdings by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,683,368 shares of the software maker’s stock worth $74,036,000 after buying an additional 295,467 shares during the period. RGM Capital LLC raised its stake in shares of Monotype Imaging Holdings by 19.7% in the first quarter. RGM Capital LLC now owns 2,809,116 shares of the software maker’s stock worth $56,463,000 after buying an additional 462,836 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Monotype Imaging Holdings by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,398,845 shares of the software maker’s stock worth $28,116,000 after buying an additional 50,793 shares during the period. Hedge funds and other institutional investors own 91.01% of the company’s stock.

Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) traded up 0.53% during mid-day trading on Friday, hitting $19.00. The stock had a trading volume of 332,027 shares. Monotype Imaging Holdings Inc. has a 1-year low of $15.75 and a 1-year high of $24.45. The company has a market cap of $753.48 million, a P/E ratio of 655.17 and a beta of 0.92. The firm’s 50 day moving average price is $18.61 and its 200 day moving average price is $19.81.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The company had revenue of $58.70 million during the quarter, compared to the consensus estimate of $54.36 million. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. Analysts predict that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be paid a $0.113 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.45 annualized dividend and a dividend yield of 2.38%. Monotype Imaging Holdings’s dividend payout ratio is presently 1,500.50%.

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TYPE has been the topic of a number of research reports. B. Riley restated a “neutral” rating and issued a $20.00 price target on shares of Monotype Imaging Holdings in a report on Saturday, August 5th. Zacks Investment Research lowered Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Sunday, July 16th. The stock was sold at an average price of $18.05, for a total value of $27,075.00. Following the completion of the sale, the director now directly owns 30,640 shares in the company, valued at approximately $553,052. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Monotype Imaging Holdings Company Profile

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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Institutional Ownership by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

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