BNP Paribas Arbitrage SA raised its holdings in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 57.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,474 shares of the software maker’s stock after buying an additional 4,905 shares during the period. BNP Paribas Arbitrage SA’s holdings in Monotype Imaging Holdings were worth $247,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Monotype Imaging Holdings by 132.6% during the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock valued at $106,000 after buying an additional 3,003 shares during the period. UBS Group AG boosted its position in shares of Monotype Imaging Holdings by 12.2% during the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock valued at $141,000 after buying an additional 759 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Monotype Imaging Holdings by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock valued at $150,000 after buying an additional 3,624 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Monotype Imaging Holdings by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock valued at $181,000 after buying an additional 380 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Monotype Imaging Holdings by 6.1% during the first quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock valued at $194,000 after buying an additional 554 shares during the period. Institutional investors and hedge funds own 90.33% of the company’s stock.

In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $542,004. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 6,000 shares of company stock valued at $110,700 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

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Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 18.55 on Friday. The company has a 50 day moving average price of $18.87 and a 200-day moving average price of $19.22. The stock has a market cap of $735.64 million, a price-to-earnings ratio of 639.66 and a beta of 0.93. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $24.45.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Monday, October 2nd will be given a dividend of $0.113 per share. The ex-dividend date is Friday, September 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.44%. Monotype Imaging Holdings’s payout ratio is currently 1,500.50%.

Several brokerages have issued reports on TYPE. B. Riley restated 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 lowered Monotype Imaging Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $20.50.

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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