Monotype Imaging Holdings Inc. (NASDAQ:TYPE)’s share price traded up 2.6% on Monday . The company traded as high as $20.50 and last traded at $20.30, with a volume of 424,493 shares changing hands. The stock had previously closed at $19.79.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Ladenburg Thalmann assumed coverage on Monotype Imaging Holdings in a report on Wednesday, May 25th. They issued a “buy” rating and a $29.00 target price on the stock. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of Monotype Imaging Holdings in a report on Monday, May 2nd. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and issued a $25.00 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 issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.00.

The company has a 50-day moving average price of $23.68 and a 200-day moving average price of $23.35. The stock has a market cap of $741.56 million and a PE ratio of 31.644.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, July 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The company had revenue of $48.70 million for the quarter, compared to the consensus estimate of $48.98 million. During the same quarter last year, the business posted $0.24 EPS. Monotype Imaging Holdings’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Monotype Imaging Holdings Inc. will post $1.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Friday, July 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, June 29th.

In other news, Director Pamela F. Lenehan sold 2,000 shares of Monotype Imaging Holdings stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $22.62, for a total transaction of $45,240.00. Following the transaction, the director now owns 69,558 shares in the company, valued at approximately $1,573,401.96. 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 7,990 shares of Monotype Imaging Holdings stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $24.94, for a total value of $199,270.60. Following the transaction, the vice president now owns 91,873 shares in the company, valued at approximately $2,291,312.62. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in TYPE. Sei Investments Co. boosted 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 valued at $1,863,000 after buying an additional 53,822 shares during the period. Principal Financial Group Inc. boosted 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 valued at $6,209,000 after buying an additional 12,522 shares during the period. Rhumbline Advisers boosted 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 valued at $2,035,000 after buying an additional 4,815 shares during the period. Morgan Stanley boosted 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 during the period. Finally, California State Teachers Retirement System boosted 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 valued at $1,754,000 after buying an additional 1,263 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).

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