Nationwide Fund Advisors reduced its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 43.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,782 shares of the software maker’s stock after selling 19,252 shares during the period. Nationwide Fund Advisors owned approximately 0.06% of Monotype Imaging Holdings worth $454,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TYPE. Alliancebernstein L.P. boosted its holdings in shares of Monotype Imaging Holdings by 1.8% in the first quarter. Alliancebernstein L.P. now owns 63,452 shares of the software maker’s stock worth $1,275,000 after acquiring an additional 1,100 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Monotype Imaging Holdings by 3.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,510 shares of the software maker’s stock worth $191,000 after acquiring an additional 340 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Monotype Imaging Holdings by 2.8% in the first quarter. Principal Financial Group Inc. now owns 322,856 shares of the software maker’s stock worth $6,489,000 after acquiring an additional 8,735 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Monotype Imaging Holdings by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,683,368 shares of the software maker’s stock worth $74,036,000 after acquiring an additional 295,467 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Monotype Imaging Holdings by 3.3% in the first quarter. Geode Capital Management LLC now owns 335,343 shares of the software maker’s stock worth $6,740,000 after acquiring an additional 10,785 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at $23.45 on Monday. The stock has a market capitalization of $978.67, a price-to-earnings ratio of 123.42, a P/E/G ratio of 7.82 and a beta of 0.98. Monotype Imaging Holdings Inc. has a 52 week low of $15.75 and a 52 week high of $24.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.43 and a current ratio of 2.43.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $60.50 million during the quarter, compared to analyst estimates of $59.35 million. Monotype Imaging Holdings had a return on equity of 2.47% and a net margin of 0.06%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. equities analysts expect that Monotype Imaging Holdings Inc. will post 0.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, December 29th.

TYPE has been the subject of a number of analyst reports. Zacks Investment Research raised Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, August 21st. ValuEngine raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, B. Riley raised their price target on Monotype Imaging Holdings from $20.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has a consensus rating of “Hold” and an average target price of $22.75.

In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings 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 sale, the director now owns 26,140 shares of the company’s stock, valued at $477,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by company insiders.

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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).

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Institutional Ownership by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

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