Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares saw strong trading volume on Friday . 435,721 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 309,526 shares.The stock last traded at $19.87 and had previously closed at $19.80.

A number of research analysts have issued reports on TYPE shares. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Ladenburg Thalmann started coverage on shares of Monotype Imaging Holdings in a report on Wednesday, May 25th. They issued a “buy” rating and a $29.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued 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 issued a $30.00 target price on shares of Monotype Imaging Holdings in a report on Monday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.00.

The firm has a 50-day moving average price of $24.01 and a 200 day moving average price of $23.39. The firm has a market capitalization of $774.22 million and a price-to-earnings ratio of 33.04.

Monotype Imaging Holdings (NASDAQ:TYPE) last announced 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 company had revenue of $49.80 million for the quarter, compared to analyst estimates of $49.07 million. During the same period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Monotype Imaging Holdings Inc. will post $1.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Investors of record on Friday, July 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Wednesday, June 29th.

In other Monotype Imaging Holdings news, VP Steven R. Martin sold 7,990 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $24.94, for a total transaction of $199,270.60. Following the completion of the transaction, the vice president now directly owns 91,873 shares of the company’s stock, valued at approximately $2,291,312.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven R. Martin sold 1,110 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $23.36, for a total transaction of $25,929.60. Following the transaction, the vice president now directly owns 90,810 shares of the company’s stock, valued at $2,121,321.60. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in Monotype Imaging Holdings by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 74,182 shares of the company’s stock worth $1,754,000 after buying an additional 1,263 shares during the last quarter. Russell Frank Co raised its position in Monotype Imaging Holdings by 1.1% in the fourth quarter. Russell Frank Co now owns 290,960 shares of the company’s stock worth $7,032,000 after buying an additional 3,091 shares during the last quarter. Rhumbline Advisers raised its position in Monotype Imaging Holdings by 5.9% in the fourth quarter. Rhumbline Advisers now owns 86,089 shares of the company’s stock worth $2,035,000 after buying an additional 4,815 shares during the last quarter. Principal Financial Group Inc. raised its position in Monotype Imaging Holdings by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 262,660 shares of the company’s stock worth $6,209,000 after buying an additional 12,522 shares during the last quarter. Finally, Sei Investments Co. raised its position in Monotype Imaging Holdings by 215.2% in the fourth quarter. Sei Investments Co. now owns 78,827 shares of the company’s stock worth $1,863,000 after buying an additional 53,822 shares during 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.