Monotype Imaging Holdings Inc. (TYPE) Director Douglas J. Shaw Sells 25,000 Shares
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Douglas J. Shaw sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $20.90, for a total transaction of $522,500.00. Following the completion of the transaction, the director now owns 94,897 shares of the company’s stock, valued at $1,983,347.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.25 on Friday. The stock has a market cap of $836.76 million, a price-to-earnings ratio of 34.55 and a beta of 0.90. Monotype Imaging Holdings Inc. has a 12-month low of $17.31 and a 12-month high of $27.76. The stock’s 50 day moving average is $21.23 and its 200-day moving average is $22.51.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $48.70 million for the quarter, compared to analyst estimates of $48.98 million. Monotype Imaging Holdings had a net margin of 12.46% and a return on equity of 11.28%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. Equities analysts anticipate that Monotype Imaging Holdings Inc. will post $0.96 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Monday, October 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 72.13%.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Monotype Imaging Holdings during the second quarter worth $108,000. Huntington National Bank raised its position in Monotype Imaging Holdings by 29.8% in the second quarter. Huntington National Bank now owns 4,933 shares of the company’s stock worth $121,000 after buying an additional 1,132 shares during the period. PineBridge Investments L.P. raised its position in Monotype Imaging Holdings by 5.5% in the second quarter. PineBridge Investments L.P. now owns 5,157 shares of the company’s stock worth $127,000 after buying an additional 267 shares during the period. Teacher Retirement System of Texas raised its position in Monotype Imaging Holdings by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 5,583 shares of the company’s stock worth $138,000 after buying an additional 665 shares during the period. Finally, Victory Capital Management Inc. raised its position in Monotype Imaging Holdings by 36.8% in the second quarter. Victory Capital Management Inc. now owns 5,728 shares of the company’s stock worth $141,000 after buying an additional 1,541 shares during the period. Hedge funds and other institutional investors own 93.58% of the company’s stock.
Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Friday. B. Riley restated a “buy” rating and set a $24.00 price objective on shares of Monotype Imaging Holdings in a research report on Tuesday. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.80.
Monotype Imaging Holdings Company Profile
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).
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