Douglas J. Shaw Sells 25,000 Shares of Monotype Imaging Holdings Inc. (TYPE) Stock
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Douglas J. Shaw sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $20.90, for a total value of $522,500.00. Following the completion of the transaction, the director now directly owns 94,897 shares of the company’s stock, valued at approximately $1,983,347.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.25 on Friday. The firm has a market cap of $836.76 million, a P/E ratio of 34.55 and a beta of 0.90. The firm’s 50-day moving average is $21.23 and its 200-day moving average is $22.51. Monotype Imaging Holdings Inc. has a 52-week low of $17.31 and a 52-week high of $27.76.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its earnings results on Friday, July 29th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The business earned $48.70 million during the quarter, compared to analyst estimates of $48.98 million. Monotype Imaging Holdings had a return on equity of 11.28% and a net margin of 12.46%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Analysts anticipate that Monotype Imaging Holdings Inc. will post $0.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 29th. Monotype Imaging Holdings’s payout ratio is presently 72.13%.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. B. Riley reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Monotype Imaging Holdings in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.80.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in shares of Monotype Imaging Holdings during the second quarter worth about $108,000. Huntington National Bank increased its stake in shares of Monotype Imaging Holdings by 29.8% in the second quarter. Huntington National Bank now owns 4,933 shares of the company’s stock worth $121,000 after buying an additional 1,132 shares during the period. PineBridge Investments L.P. increased its stake in shares of Monotype Imaging Holdings by 5.5% in the second quarter. PineBridge Investments L.P. now owns 5,157 shares of the company’s stock worth $127,000 after buying an additional 267 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Monotype Imaging Holdings by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 5,583 shares of the company’s stock worth $138,000 after buying an additional 665 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Monotype Imaging Holdings by 36.8% in the second quarter. Victory Capital Management Inc. now owns 5,728 shares of the company’s stock worth $141,000 after buying an additional 1,541 shares during the period. 93.58% of the stock is owned by institutional investors and hedge funds.
About Monotype Imaging Holdings
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).
Receive News & Ratings for Monotype Imaging Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.