Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares were up 2.6% during mid-day trading on Monday . The stock traded as high as $20.50 and last traded at $20.30, with a volume of 424,493 shares. The stock had previously closed at $19.79.

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

The firm has a market cap of $802.78 million and a price-to-earnings ratio of 34.26. The company has a 50 day moving average of $23.88 and a 200 day moving average of $23.37.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate 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. Monotype Imaging Holdings’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 was paid on Thursday, July 21st. Investors of record on Friday, July 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, June 29th.

In other Monotype Imaging Holdings news, Director Pamela F. Lenehan sold 2,000 shares of Monotype Imaging Holdings stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $22.62, for a total value of $45,240.00. Following the completion of the transaction, the director now directly owns 69,558 shares of the company’s stock, valued at $1,573,401.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven R. Martin sold 7,990 shares of Monotype Imaging Holdings stock in a transaction dated Wednesday, July 13th. The stock was 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 $2,291,312.62. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of 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 valued at $1,754,000 after buying an additional 1,263 shares during the period. 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 period. 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 period. 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 period. Finally, Russell Frank Co boosted its position in shares of Monotype Imaging Holdings by 1.1% in the fourth quarter. Russell Frank Co now owns 290,960 shares of the company’s stock valued at $7,032,000 after buying an additional 3,091 shares during the period.

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.