Northern Trust Corp increased its stake in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 555,674 shares of the software maker’s stock after buying an additional 6,846 shares during the period. Northern Trust Corp owned 1.32% of Monotype Imaging worth $11,280,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Monotype Imaging by 8.3% during the 2nd quarter. BlackRock Inc. now owns 5,819,939 shares of the software maker’s stock worth $118,145,000 after buying an additional 443,624 shares during the period. RGM Capital LLC boosted its holdings in shares of Monotype Imaging by 2.3% during the 2nd quarter. RGM Capital LLC now owns 3,533,838 shares of the software maker’s stock worth $71,737,000 after buying an additional 79,399 shares during the period. Trigran Investments Inc. boosted its holdings in shares of Monotype Imaging by 1.8% during the 2nd quarter. Trigran Investments Inc. now owns 2,157,734 shares of the software maker’s stock worth $43,802,000 after buying an additional 39,078 shares during the period. FMR LLC boosted its holdings in shares of Monotype Imaging by 1.4% during the 2nd quarter. FMR LLC now owns 1,895,630 shares of the software maker’s stock worth $38,481,000 after buying an additional 26,547 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Monotype Imaging by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 553,209 shares of the software maker’s stock worth $11,230,000 after buying an additional 83,409 shares during the period. 88.56% of the stock is owned by institutional investors and hedge funds.
Shares of Monotype Imaging stock opened at $18.13 on Friday. Monotype Imaging Holdings Inc. has a twelve month low of $17.27 and a twelve month high of $26.75. The company has a quick ratio of 2.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $750.26 million, a price-to-earnings ratio of 34.21 and a beta of 1.08.
Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Monotype Imaging had a net margin of 6.02% and a return on equity of 10.00%. The business had revenue of $58.00 million during the quarter, compared to analysts’ expectations of $59.65 million. During the same quarter in the previous year, the company earned $0.03 EPS. The business’s revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts expect that Monotype Imaging Holdings Inc. will post 0.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Wednesday, January 2nd will be paid a $0.116 dividend. This represents a $0.46 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, December 31st. Monotype Imaging’s dividend payout ratio (DPR) is 86.79%.
Several brokerages recently commented on TYPE. BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley set a $31.00 target price on shares of Monotype Imaging and gave the stock a “buy” rating in a report on Thursday, September 20th. ValuEngine downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. raised shares of Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Monotype Imaging presently has a consensus rating of “Hold” and a consensus target price of $26.00.
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Monotype Imaging Profile
Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.
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