Janney Montgomery Scott LLC increased its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,964 shares of the software maker’s stock after buying an additional 4,248 shares during the period. Janney Montgomery Scott LLC’s holdings in Monotype Imaging Holdings were worth $1,317,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock worth $106,000 after buying an additional 3,003 shares during the period. UBS Group AG increased its stake in Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after buying an additional 759 shares during the period. State of Alaska Department of Revenue increased its stake in Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock worth $150,000 after buying an additional 3,624 shares during the period. BNP Paribas Arbitrage SA increased its stake in Monotype Imaging Holdings by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock worth $172,000 after buying an additional 929 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Monotype Imaging Holdings by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock worth $181,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 91.01% of the company’s stock.

Monotype Imaging Holdings Inc. (TYPE) opened at 18.90 on Friday. The stock has a market cap of $749.52 million, a P/E ratio of 651.72 and a beta of 0.92. The stock has a 50 day moving average of $18.61 and a 200 day moving average of $19.83. Monotype Imaging Holdings Inc. has a 1-year low of $15.75 and a 1-year high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The business had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, September 29th. Monotype Imaging Holdings’s payout ratio is currently 1,500.50%.

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A number of analysts recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $20.00 price objective on shares of Monotype Imaging Holdings in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.60, for a total transaction of $27,900.00. Following the completion of the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $542,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Monotype Imaging Holdings Company Profile

Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).

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Institutional Ownership by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

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