Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) hit a new 52-week low during trading on Monday . The stock traded as low as $17.15 and last traded at $17.09, with a volume of 83849 shares changing hands. The stock had previously closed at $17.87.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley set a $31.00 price objective on shares of Monotype Imaging and gave the stock a “buy” rating in a report on Thursday, September 20th. ValuEngine downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $742.36 million, a PE ratio of 32.40 and a beta of 1.08.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Monotype Imaging had a net margin of 6.02% and a return on equity of 10.00%. The business had revenue of $58.00 million during the quarter, compared to the consensus estimate of $59.65 million. During the same quarter last year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Monotype Imaging Holdings Inc. will post 0.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.46 dividend on an annualized basis and a yield of 2.70%. Monotype Imaging’s dividend payout ratio (DPR) is presently 86.79%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TYPE. Trigran Investments Inc. increased its holdings in Monotype Imaging by 23.1% during the third quarter. Trigran Investments Inc. now owns 2,655,365 shares of the software maker’s stock worth $53,638,000 after buying an additional 497,631 shares during the last quarter. BlackRock Inc. boosted its position in Monotype Imaging by 8.3% during the second quarter. BlackRock Inc. now owns 5,819,939 shares of the software maker’s stock worth $118,145,000 after purchasing an additional 443,624 shares during the period. Renaissance Technologies LLC boosted its position in Monotype Imaging by 53.9% during the third quarter. Renaissance Technologies LLC now owns 851,472 shares of the software maker’s stock worth $17,200,000 after purchasing an additional 298,263 shares during the period. Citadel Advisors LLC boosted its position in Monotype Imaging by 67.7% during the second quarter. Citadel Advisors LLC now owns 423,890 shares of the software maker’s stock worth $8,605,000 after purchasing an additional 171,073 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Monotype Imaging by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,513,081 shares of the software maker’s stock worth $30,564,000 after purchasing an additional 109,718 shares during the period. Institutional investors and hedge funds own 93.28% of the company’s stock.

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Monotype Imaging Company Profile (NASDAQ:TYPE)

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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