Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) saw unusually-high trading volume on Friday . Approximately 261,644 shares changed hands during trading, an increase of 74% from the previous session’s volume of 150,249 shares.The stock last traded at $24.20 and had previously closed at $23.79.

TYPE has been the subject of several research analyst reports. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Ladenburg Thalmann initiated coverage on shares of Monotype Imaging Holdings in a report on Wednesday, May 25th. They set a “buy” rating and a $29.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $25.00 target price on shares of Monotype Imaging Holdings in a report on Monday, May 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Monotype Imaging Holdings in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

The firm has a market capitalization of $946.75 million and a PE ratio of 40.40. The stock’s 50 day moving average price is $23.82 and its 200-day moving average price is $23.36.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Friday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $49.07 million. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. On average, analysts expect that Monotype Imaging Holdings Inc. will post $1.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 21st. Shareholders of record on Friday, July 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 29th.

In other news, EVP John L. Seguin sold 1,457 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $22.93, for a total value of $33,409.01. Following the completion of the sale, the executive vice president now owns 36,754 shares in the company, valued at $842,769.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Steven R. Martin sold 2,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $22.93, for a total transaction of $45,860.00. Following the completion of the sale, the vice president now owns 94,482 shares of the company’s stock, valued at approximately $2,166,472.26. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Monotype Imaging Holdings by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 262,660 shares of the company’s stock valued at $6,209,000 after buying an additional 12,522 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Monotype Imaging Holdings by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 650,372 shares of the company’s stock valued at $15,374,000 after buying an additional 109,523 shares in the last quarter. Morgan Stanley increased its stake in shares of Monotype Imaging Holdings by 247.1% in the fourth quarter. Morgan Stanley now owns 356,931 shares of the company’s stock valued at $8,437,000 after buying an additional 254,094 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Monotype Imaging Holdings by 18.5% in the fourth quarter. Brown Advisory Inc. now owns 774,403 shares of the company’s stock valued at $18,306,000 after buying an additional 120,856 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Monotype Imaging Holdings by 5.9% in the fourth quarter. Rhumbline Advisers now owns 86,089 shares of the company’s stock valued at $2,035,000 after buying an additional 4,815 shares in the last quarter.

Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company is engaged in the development, marketing and licensing of technologies and fonts. Its business is organized as follows: Creative Professional and original equipment manufacturer (OEM).

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