Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $18.90, for a total transaction of $28,350.00. Following the sale, the director now owns 27,640 shares in the company, valued at approximately $522,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Monotype Imaging Holdings Inc. (TYPE) remained flat at $18.70 on Thursday. 27,048 shares of the company’s stock traded hands. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $24.45. The firm has a 50-day moving average price of $18.60 and a 200-day moving average price of $19.74. The firm has a market cap of $741.59 million, a PE ratio of 644.83 and a beta of 0.92.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share (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 analysts’ expectations 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 quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, equities research analysts predict that Monotype Imaging Holdings Inc. will post $0.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be issued a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, September 29th. Monotype Imaging Holdings’s payout ratio is currently 1,500.50%.

TRADEMARK VIOLATION NOTICE: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/17/roger-j-heinen-jr-sells-1500-shares-of-monotype-imaging-holdings-inc-type-stock.html.

TYPE has been the topic of several recent analyst reports. B. Riley cut shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Monday, May 1st. Zacks Investment Research cut shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Monotype Imaging Holdings by 0.6% in the second quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock valued at $90,506,000 after buying an additional 28,680 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Monotype Imaging Holdings by 3.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock valued at $77,434,000 after buying an additional 148,585 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Monotype Imaging Holdings by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock valued at $68,777,000 after buying an additional 74,910 shares during the last quarter. RGM Capital LLC boosted 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 valued at $56,463,000 after buying an additional 462,836 shares during the last quarter. Finally, Trigran Investments Inc. boosted its stake in shares of Monotype Imaging Holdings by 33.0% in the second quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock valued at $33,825,000 after buying an additional 459,025 shares during the last quarter. Institutional investors own 89.52% 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).

Insider Buying and Selling by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

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.