Monotype Imaging Holdings Inc. (NASDAQ:TYPE) reached a new 52-week low during trading on Thursday . The stock traded as low as $17.31 and last traded at $18.18, with a volume of 1,460,858 shares. The stock had previously closed at $24.92.

TYPE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Ladenburg Thalmann initiated 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Monotype Imaging Holdings currently has an average rating of “Hold” and an average target price of $29.00.

The company has a market capitalization of $774.22 million and a PE ratio of 33.04. The firm’s 50-day moving average is $23.88 and its 200-day moving average is $23.37.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, April 29th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02. During the same quarter in the previous year, the company earned $0.26 earnings per share. The company had revenue of $49.80 million for the quarter, compared to the consensus estimate of $49.07 million. Monotype Imaging Holdings’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Monotype Imaging Holdings Inc. will post $1.11 EPS for the current fiscal year.

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

In related news, VP Steven R. Martin sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $25.12, for a total value of $50,240.00. Following the transaction, the vice president now owns 81,883 shares of the company’s stock, valued at approximately $2,056,900.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John L. Seguin sold 1,457 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $22.93, for a total transaction of $33,409.01. Following the completion of the transaction, the executive vice president now directly owns 36,754 shares in the company, valued at approximately $842,769.22. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of TYPE. Morgan Stanley increased its position in 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. Wells Fargo & Company MN boosted its position 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 during the last quarter. Sei Investments Co. boosted its position in shares of Monotype Imaging Holdings by 215.2% in the fourth quarter. Sei Investments Co. now owns 78,827 shares of the company’s stock valued at $1,863,000 after buying an additional 53,822 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 during the last quarter. Finally, Rhumbline Advisers boosted its position 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 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).

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