Brokerages Expect Monotype Imaging Holdings Inc. (TYPE) to Post $0.15 Earnings Per Share
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) have received a consensus broker rating score of 2.25 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus target price of $23.50 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Monotype Imaging Holdings an industry rank of 108 out of 265 based on the ratings given to its competitors.
TYPE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, August 21st. BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, B. Riley reiterated a “neutral” rating and set a $20.00 target price on shares of Monotype Imaging Holdings in a research report on Saturday, August 5th.
In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.60, for a total transaction of $27,900.00. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at $542,004. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 6,000 shares of company stock valued at $110,700. 2.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Monotype Imaging Holdings by 0.6% during the second quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock worth $90,506,000 after buying an additional 28,680 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Monotype Imaging Holdings by 3.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock worth $77,434,000 after buying an additional 148,585 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Monotype Imaging Holdings by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock worth $68,777,000 after buying an additional 74,910 shares during the last quarter. RGM Capital LLC raised its stake in shares of Monotype Imaging Holdings by 19.7% during 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 last quarter. Finally, Trigran Investments Inc. raised its stake in shares of Monotype Imaging Holdings by 33.0% during the second quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock worth $33,825,000 after buying an additional 459,025 shares during the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.
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Monotype Imaging Holdings (NASDAQ:TYPE) traded up 8.46% on Monday, hitting $21.80. 1,574,268 shares of the company were exchanged. Monotype Imaging Holdings has a one year low of $15.75 and a one year high of $24.45. The stock has a 50 day moving average price of $19.06 and a 200 day moving average price of $19.20. The firm has a market cap of $864.52 million, a price-to-earnings ratio of 751.72 and a beta of 0.93.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The company had revenue of $58.70 million for the quarter, compared to analyst estimates of $54.36 million. During the same period in the prior year, the business earned $0.27 earnings per share. Monotype Imaging Holdings’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities research analysts forecast that Monotype Imaging Holdings will post $0.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors 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 dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 1,500.50%.
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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