Monotype Imaging Holdings Inc. (TYPE) to Issue Quarterly Dividend of $0.11 on October 20th
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) announced a quarterly dividend on Friday, July 28th, Zacks reports. Stockholders of record on Monday, October 2nd will be paid a dividend of 0.113 per share by the software maker on Friday, October 20th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, September 29th.
Shares of Monotype Imaging Holdings (TYPE) opened at 18.50 on Friday. Monotype Imaging Holdings has a 52 week low of $15.75 and a 52 week high of $24.45. The stock’s 50 day moving average is $18.87 and its 200-day moving average is $19.22. The company has a market cap of $733.65 million, a price-to-earnings ratio of 637.93 and a beta of 0.93.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The company had revenue of $58.70 million for 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 firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. On average, equities analysts anticipate that Monotype Imaging Holdings will post $0.57 earnings per share for the current year.
TYPE has been the topic of several recent analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Zacks Investment Research downgraded shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, ValuEngine raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $20.50.
In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $18.25, for a total transaction of $27,375.00. Following the transaction, the director now directly owns 26,140 shares in the company, valued at approximately $477,055. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 6,000 shares of company stock worth $110,700 in the last ninety days. 2.30% of the stock is currently owned by insiders.
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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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