Monotype Imaging Holdings Inc. (TYPE) Declares Quarterly Dividend of $0.08
Monotype Imaging Holdings (NASDAQ:TYPE) declared a quarterly dividend on Friday, February 14th, Analyst Ratings Network.com reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.08 per share on Monday, April 21st. This represents a $0.32 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Monotype Imaging Holdings’s previous quarterly dividend of $0.06.
TYPE has been the subject of a number of recent research reports. Analysts at Dougherty & Co raised their price target on shares of Monotype Imaging Holdings from $30.00 to $35.00 in a research note on Thursday. They now have a “buy” rating on the stock. On a related note, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monotype Imaging Holdings in a research note on Friday, January 17th. They now have a $35.00 price target on the stock, up previously from $31.00. Finally, analysts at Zacks upgraded shares of Monotype Imaging Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $32.30 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.47.
Shares of Monotype Imaging Holdings (NASDAQ:TYPE) traded down 0.64% on Friday, hitting $29.68. The stock had a trading volume of 91,741 shares. Monotype Imaging Holdings has a 52-week low of $20.17 and a 52-week high of $33.25. The stock’s 50-day moving average is $30.38 and its 200-day moving average is $28.3. The company has a market cap of $1.136 billion and a P/E ratio of 37.86.
Monotype Imaging Holdings (NASDAQ:TYPE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.90 million. During the same quarter last year, the company posted $0.28 earnings per share. Monotype Imaging Holdings’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Monotype Imaging Holdings will post $1.16 earnings per share for the current fiscal year.
In other Monotype Imaging Holdings news, CEO Douglas Shaw sold 25,000 shares of Monotype Imaging Holdings stock on the open market in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $28.27, for a total value of $706,750.00. Following the completion of the transaction, the chief executive officer now directly owns 139,566 shares in the company, valued at approximately $3,945,531. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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