Wells Fargo & Company MN increased its holdings in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 1.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,084,981 shares of the software maker’s stock after acquiring an additional 20,482 shares during the period. Wells Fargo & Company MN owned about 2.74% of Monotype Imaging Holdings worth $19,855,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TYPE. Bank of Montreal Can lifted its stake in shares of 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 worth $106,000 after acquiring an additional 3,003 shares during the last quarter. UBS Group AG lifted its stake in shares of Monotype Imaging Holdings by 12.2% during the 1st quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after acquiring an additional 759 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Monotype Imaging Holdings by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock worth $150,000 after acquiring an additional 3,624 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Monotype Imaging Holdings by 12.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock worth $172,000 after acquiring an additional 929 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Monotype Imaging Holdings by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock worth $181,000 after acquiring an additional 380 shares during the last quarter. 90.33% of the stock is owned by hedge funds and other institutional investors.

In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the company’s 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 transaction, the director now directly owns 26,140 shares in the company, valued at $477,055. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,000 shares of company stock worth $110,700 over the last 90 days. 2.30% of the stock is owned by insiders.

Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) opened at 18.25 on Tuesday. The company has a market capitalization of $723.74 million, a price-to-earnings ratio of 629.31 and a beta of 0.93. The firm’s 50-day moving average price is $18.87 and its 200-day moving average price is $19.22. 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 released its quarterly earnings results on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The company had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $54.36 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts expect that Monotype Imaging Holdings Inc. will post $0.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 1,500.50%.

A number of equities research analysts recently issued reports on TYPE shares. B. Riley reissued a “neutral” rating and set a $20.00 price target on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Zacks Investment Research lowered Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

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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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