Monotype Imaging Holdings Inc. (TYPE) Announces $0.11 Quarterly Dividend
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.113 per share by the software maker on Monday, January 22nd. This represents a $0.45 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, December 29th.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging Holdings had a net margin of 0.06% and a return on equity of 2.47%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS.
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In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $18.90, for a total value of $28,350.00. Following the sale, the director now directly owns 27,640 shares of the company’s stock, valued at approximately $522,396. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Several brokerages have commented on TYPE. B. Riley boosted their price target on shares of Monotype Imaging Holdings from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, ValuEngine raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Five analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $22.75.
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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