Stoneridge Investment Partners LLC decreased its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 52.0% during the second quarter, Holdings Channel reports. The fund owned 21,171 shares of the software maker’s stock after selling 22,918 shares during the period. Stoneridge Investment Partners LLC’s holdings in Monotype Imaging Holdings were worth $387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYPE. BlackRock Inc. boosted its position in Monotype Imaging Holdings by 145,117.0% in the first quarter. BlackRock Inc. now owns 4,917,049 shares of the software maker’s stock worth $98,833,000 after buying an additional 4,913,663 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Monotype Imaging Holdings by 14.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,082,764 shares of the software maker’s stock worth $82,064,000 after buying an additional 514,219 shares during the last quarter. Vanguard Group Inc. boosted its position in Monotype Imaging Holdings by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,683,368 shares of the software maker’s stock worth $74,036,000 after buying an additional 295,467 shares during the last quarter. RGM Capital LLC boosted its position in Monotype Imaging Holdings by 19.7% in the first quarter. RGM Capital LLC now owns 2,809,116 shares of the software maker’s stock worth $56,463,000 after buying an additional 462,836 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Monotype Imaging Holdings by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,398,845 shares of the software maker’s stock worth $28,116,000 after buying an additional 50,793 shares during the last quarter. 91.01% of the stock is currently owned by institutional investors and hedge funds.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 19.00 on Friday. The stock’s 50 day moving average is $18.61 and its 200-day moving average is $19.81. The firm has a market capitalization of $753.48 million, a PE ratio of 655.17 and a beta of 0.92. Monotype Imaging Holdings Inc. has a 52-week low of $15.75 and a 52-week high of $24.45.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.113 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.45 dividend on an annualized basis and a yield of 2.38%. Monotype Imaging Holdings’s payout ratio is currently 1,500.50%.

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TYPE has been the topic of a number of recent research reports. B. Riley reissued a “neutral” rating and set a $20.00 target price on shares of Monotype Imaging Holdings in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.

In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Sunday, July 16th. The stock was sold at an average price of $18.05, for a total transaction of $27,075.00. Following the completion of the sale, the director now owns 30,640 shares of the company’s stock, valued at $553,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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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