Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 990,455 shares, a drop of 24.2% from the May 15th total of 1,306,309 shares. Based on an average trading volume of 126,204 shares, the short-interest ratio is presently 7.8 days. Approximately 2.4% of the shares of the company are sold short.

A number of brokerages have recently issued reports on TYPE. B. Riley restated a “buy” rating and set a $22.50 target price on shares of Monotype Imaging Holdings in a research report on Tuesday, February 21st. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th.

Monotype Imaging Holdings (TYPE) opened at 19.20 on Wednesday. Monotype Imaging Holdings has a 52-week low of $17.31 and a 52-week high of $25.37. The stock has a market capitalization of $757.94 million, a price-to-earnings ratio of 95.52 and a beta of 1.02. The company has a 50-day moving average of $19.65 and a 200-day moving average of $20.30.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, April 28th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business had revenue of $52.50 million for the quarter, compared to analyst estimates of $53.95 million. Monotype Imaging Holdings had a return on equity of 5.66% and a net margin of 4.00%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. Equities research analysts expect that Monotype Imaging Holdings will post $0.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Monday, July 3rd will be given a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, June 29th. Monotype Imaging Holdings’s dividend payout ratio is presently 225.01%.

A number of large investors have recently modified their holdings of TYPE. Bank of Montreal Can raised its stake in shares of Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock valued at $106,000 after buying an additional 3,003 shares in the last quarter. UBS Group AG raised its stake in shares of Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock valued at $141,000 after buying an additional 759 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Monotype Imaging Holdings by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock valued at $172,000 after buying an additional 929 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake 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 valued at $191,000 after buying an additional 340 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Monotype Imaging Holdings by 6.1% in the first quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock valued at $194,000 after buying an additional 554 shares in the last quarter. 91.67% of the stock is currently owned by hedge funds and other institutional investors.

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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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