Investment Analysts’ Weekly Ratings Changes for Monotype Imaging Holdings (TYPE)
Monotype Imaging Holdings (NASDAQ: TYPE) recently received a number of ratings updates from brokerages and research firms:
- 8/5/2017 – Monotype Imaging Holdings had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock.
- 7/31/2017 – Monotype Imaging Holdings had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock.
- 7/25/2017 – Monotype Imaging Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Monotype Imaging is a global provider of text imaging solutions for manufacturers and developers of consumer electronics devices including laser printers, copiers, mobile phones, digital televisions, set-top boxes, digital cameras and software applications and operating systems. The company also provides printer drivers and color imaging technologies to OEMs. Monotype Imaging technologies are combined with access to more than nine thousand typefaces from the Monotype, Linotype and ITC typeface libraries home to some of the world’s most widely used designs, including the Times New Roman, Helvetica and ITC Franklin Gothic typefaces. Fonts are licensed to creative and business professionals through custom font designs, direct sales or e-commerce portals. Monotype Imaging offers fonts and industry-standard solutions that support all of the world’s major languages. “
- 7/24/2017 – Monotype Imaging Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
Shares of Monotype Imaging Holdings Inc. (TYPE) traded down 0.132% on Monday, reaching $18.875. 30,508 shares of the company’s stock traded hands. The stock has a market capitalization of $748.53 million, a PE ratio of 650.862 and a beta of 0.92. The company has a 50 day moving average of $18.65 and a 200-day moving average of $19.91. Monotype Imaging Holdings Inc. has a 52 week low of $15.75 and a 52 week high of $24.45.
Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The company had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. Equities research analysts forecast that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.113 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.39%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 1,500.50%.
In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction dated Sunday, July 16th. The shares were sold at an average price of $18.05, for a total value of $27,075.00. Following the sale, the director now owns 30,640 shares of the company’s stock, valued at approximately $553,052. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.
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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