Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was the target of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 801,949 shares, a decline of 35.5% from the December 15th total of 1,243,371 shares. Based on an average daily trading volume, of 151,394 shares, the days-to-cover ratio is presently 5.3 days. Approximately 2.0% of the company’s stock are sold short.

Monotype Imaging (NASDAQ:TYPE) opened at $25.25 on Monday. The company has a market cap of $1,053.78, a price-to-earnings ratio of 132.89, a PEG ratio of 3.74 and a beta of 1.01. Monotype Imaging has a 1-year low of $15.75 and a 1-year high of $25.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43.

Monotype Imaging (NASDAQ:TYPE) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging had a net margin of 0.06% and a return on equity of 2.47%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. analysts predict that Monotype Imaging will post 0.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Tuesday, January 2nd will be issued a $0.113 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.79%.

In other news, VP Janet M. Dunlap sold 8,063 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total transaction of $201,575.00. Following the completion of the sale, the vice president now owns 92,913 shares in the company, valued at approximately $2,322,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Janet M. Dunlap sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer now owns 90,008 shares of the company’s stock, valued at approximately $2,250,200. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in TYPE. Schwab Charles Investment Management Inc. increased its stake in Monotype Imaging by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 169,512 shares of the software maker’s stock valued at $3,103,000 after buying an additional 10,762 shares during the period. First Trust Advisors LP increased its stake in Monotype Imaging by 13.3% in the 2nd quarter. First Trust Advisors LP now owns 16,440 shares of the software maker’s stock valued at $301,000 after buying an additional 1,935 shares during the period. Bank of New York Mellon Corp increased its stake in Monotype Imaging by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 846,536 shares of the software maker’s stock valued at $15,492,000 after buying an additional 9,953 shares during the period. Legal & General Group Plc increased its stake in Monotype Imaging by 10.5% in the 2nd quarter. Legal & General Group Plc now owns 80,014 shares of the software maker’s stock valued at $1,464,000 after buying an additional 7,591 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Monotype Imaging by 57.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,474 shares of the software maker’s stock valued at $247,000 after buying an additional 4,905 shares during the period. 93.32% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. B. Riley lifted their target price on shares of Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, November 1st. BidaskClub cut shares of Monotype Imaging from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. cut shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.17.

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Monotype Imaging 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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