Monotype Imaging Holdings Inc. (TYPE) Director Roger J. Heinen, Jr. Sells 1,500 Shares
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Sunday, July 16th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the completion of the sale, the director now owns 30,640 shares in the company, valued at $553,052. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) traded down 0.82% during trading on Tuesday, hitting $18.20. 10,315 shares of the company traded hands. The stock has a market capitalization of $718.46 million, a PE ratio of 90.55 and a beta of 0.91. The company has a 50-day moving average of $19.27 and a 200-day moving average of $20.22. Monotype Imaging Holdings Inc. has a 52-week low of $15.75 and a 52-week high of $25.19.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, April 28th. The software maker reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business had revenue of $52.50 million during the quarter, compared to the consensus estimate of $53.95 million. Monotype Imaging Holdings had a return on equity of 5.66% and a net margin of 4.00%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. Equities analysts expect that Monotype Imaging Holdings Inc. will post $0.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Monday, July 3rd will be paid a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is presently 225.01%.
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Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in 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 during the period. UBS Group AG boosted its stake in 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 during the period. State of Alaska Department of Revenue boosted its stake in Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock valued at $150,000 after buying an additional 3,624 shares during the period. BNP Paribas Arbitrage SA boosted its stake in 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 during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in 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 during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.
A number of research firms have recently weighed in on TYPE. B. Riley cut shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th.
Monotype Imaging Holdings Company Profile
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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