Summit Trail Advisors LLC increased its holdings in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,920 shares of the software maker’s stock after acquiring an additional 5,527 shares during the period. Monotype Imaging comprises about 0.6% of Summit Trail Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Summit Trail Advisors LLC owned 0.19% of Monotype Imaging worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Millennium Management LLC acquired a new position in shares of Monotype Imaging in the fourth quarter valued at about $1,026,000. Wells Fargo & Company MN boosted its stake in shares of Monotype Imaging by 186.6% in the first quarter. Wells Fargo & Company MN now owns 202,994 shares of the software maker’s stock worth $4,558,000 after buying an additional 132,155 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Monotype Imaging in the first quarter worth about $138,000. Mackay Shields LLC purchased a new stake in shares of Monotype Imaging in the first quarter worth about $397,000. Finally, Trexquant Investment LP purchased a new stake in shares of Monotype Imaging in the first quarter worth about $412,000. Institutional investors and hedge funds own 88.44% of the company’s stock.

A number of brokerages have recently commented on TYPE. Zacks Investment Research upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. BidaskClub upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, ValuEngine upgraded Monotype Imaging from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $26.00.

TYPE stock traded down $0.10 during mid-day trading on Friday, reaching $20.65. 7,881 shares of the company’s stock were exchanged, compared to its average volume of 254,928. The company has a market capitalization of $884.18 million, a P/E ratio of 38.96 and a beta of 0.94. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. Monotype Imaging Holdings Inc. has a 12-month low of $18.08 and a 12-month high of $26.75.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings results on Friday, July 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.19. The company had revenue of $60.69 million for the quarter, compared to the consensus estimate of $59.64 million. Monotype Imaging had a return on equity of 8.88% and a net margin of 5.19%. Monotype Imaging’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 earnings per share. research analysts predict that Monotype Imaging Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Monday, October 1st will be given a dividend of $0.116 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.46 dividend on an annualized basis and a yield of 2.25%. Monotype Imaging’s dividend payout ratio is currently 86.79%.

In other Monotype Imaging news, EVP Steven R. Martin sold 29,147 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $22.00, for a total transaction of $641,234.00. Following the transaction, the executive vice president now owns 112,548 shares in the company, valued at $2,476,056. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 33,147 shares of company stock worth $727,184 in the last quarter. 3.40% of the stock is currently owned by company insiders.

About Monotype Imaging

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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

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