Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. Following the sale, the director now directly owns 26,140 shares of the company’s stock, valued at approximately $477,055. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) opened at 18.20 on Thursday. The firm has a market cap of $721.76 million, a P/E ratio of 627.59 and a beta of 0.92. The stock’s 50 day moving average is $18.61 and its 200 day moving average is $19.56. Monotype Imaging Holdings Inc. has a 12 month low of $15.75 and a 12 month high of $24.45.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be given a $0.113 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, September 29th. Monotype Imaging Holdings’s payout ratio is 1,500.50%.

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Several analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Monotype Imaging Holdings in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of Monotype Imaging Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its position in Monotype Imaging Holdings by 3.4% in the first quarter. Great West Life Assurance Co. Can now owns 58,253 shares of the software maker’s stock valued at $1,168,000 after buying an additional 1,891 shares during the last quarter. Trigran Investments Inc. raised its position in Monotype Imaging Holdings by 42.6% in the first quarter. Trigran Investments Inc. now owns 1,389,324 shares of the software maker’s stock valued at $27,925,000 after buying an additional 414,746 shares during the last quarter. Swiss National Bank raised its position in Monotype Imaging Holdings by 5.1% in the first quarter. Swiss National Bank now owns 68,500 shares of the software maker’s stock valued at $1,377,000 after buying an additional 3,300 shares during the last quarter. Bank of Montreal Can raised its position in Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock valued at $106,000 after buying an additional 3,003 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in Monotype Imaging Holdings by 6.1% in the first quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock valued at $194,000 after buying an additional 554 shares during the last quarter. 90.33% of the stock is owned by hedge funds and other institutional investors.

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)

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