Trigran Investments Inc. raised its holdings in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 33.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,848,349 shares of the software maker’s stock after purchasing an additional 459,025 shares during the quarter. Monotype Imaging Holdings makes up 8.7% of Trigran Investments Inc.’s holdings, making the stock its 5th biggest position. Trigran Investments Inc. owned about 4.66% of Monotype Imaging Holdings worth $33,825,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can lifted its holdings in Monotype Imaging Holdings by 132.6% during the 1st quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock valued at $106,000 after purchasing an additional 3,003 shares during the last quarter. UBS Group AG lifted its holdings in shares of Monotype Imaging Holdings by 12.2% during the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after buying an additional 759 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Monotype Imaging Holdings by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock worth $150,000 after buying an additional 3,624 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Monotype Imaging Holdings by 12.2% during the first quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock worth $172,000 after buying an additional 929 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Monotype Imaging Holdings by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock worth $181,000 after buying an additional 380 shares in the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.

Monotype Imaging Holdings Inc. (TYPE) remained flat at $19.45 during midday trading on Friday. The company’s stock had a trading volume of 173,045 shares. The company has a 50 day moving average of $18.69 and a 200-day moving average of $19.29. The firm has a market capitalization of $771.33 million, a PE ratio of 670.69 and a beta of 0.93. Monotype Imaging Holdings Inc. has a 52-week low of $15.75 and a 52-week high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share for the quarter, topping the 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 quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.45 annualized dividend and a dividend yield of 2.32%. Monotype Imaging Holdings’s payout ratio is 1,500.50%.

ILLEGAL ACTIVITY NOTICE: “Trigran Investments Inc. Acquires 459,025 Shares of Monotype Imaging Holdings Inc. (TYPE)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/09/trigran-investments-inc-acquires-459025-shares-of-monotype-imaging-holdings-inc-type.html.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction 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 completion of the transaction, the director now owns 26,140 shares in the company, valued at approximately $477,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 6,000 shares of company stock valued at $110,700 in the last quarter. 2.30% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on TYPE shares. Zacks Investment Research raised Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, August 21st. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, B. Riley reissued a “neutral” rating and set a $20.00 target price on shares of Monotype Imaging Holdings in a report on Saturday, August 5th. Five analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has a consensus rating of “Hold” and a consensus target price of $20.50.

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).

Institutional Ownership 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.