Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has been given a consensus broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. Monotype Imaging Holdings’ rating score has declined by 69.2% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a twelve-month consensus price objective of $24.75 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Monotype Imaging Holdings an industry rank of 166 out of 265 based on the ratings given to its competitors.
Several brokerages recently weighed in on TYPE. B. Riley reissued a “buy” rating and issued a $24.00 target price on shares of Monotype Imaging Holdings in a research note on Sunday, October 9th. Zacks Investment Research downgraded shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 7th.
Shares of Monotype Imaging Holdings (NASDAQ:TYPE) opened at 21.21 on Thursday. The firm has a market cap of $835.19 million, a PE ratio of 34.49 and a beta of 0.90. The company has a 50-day moving average of $21.31 and a 200 day moving average of $22.45. Monotype Imaging Holdings has a one year low of $17.31 and a one year high of $27.76.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 29th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Monotype Imaging Holdings had a net margin of 12.46% and a return on equity of 11.28%. The firm earned $48.70 million during the quarter, compared to the consensus estimate of $48.98 million. During the same quarter in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Monotype Imaging Holdings will post $0.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is currently 72.13%.
In other news, Director Douglas J. Shaw sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $20.90, for a total transaction of $522,500.00. Following the completion of the sale, the director now owns 94,897 shares in the company, valued at approximately $1,983,347.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven R. Martin sold 2,000 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $21.46, for a total value of $42,920.00. Following the sale, the vice president now owns 83,883 shares of the company’s stock, valued at approximately $1,800,129.18. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Bank of Montreal Can bought a new position in Monotype Imaging Holdings during the second quarter worth $108,000. Huntington National Bank boosted its position in Monotype Imaging Holdings by 29.8% in the second quarter. Huntington National Bank now owns 4,933 shares of the company’s stock worth $121,000 after buying an additional 1,132 shares in the last quarter. PineBridge Investments L.P. boosted its position in Monotype Imaging Holdings by 5.5% in the second quarter. PineBridge Investments L.P. now owns 5,157 shares of the company’s stock worth $127,000 after buying an additional 267 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Monotype Imaging Holdings by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 5,583 shares of the company’s stock worth $138,000 after buying an additional 665 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Monotype Imaging Holdings by 36.8% in the second quarter. Victory Capital Management Inc. now owns 5,728 shares of the company’s stock worth $141,000 after buying an additional 1,541 shares in the last quarter. Institutional investors and hedge funds own 93.58% of the company’s stock.
About Monotype Imaging Holdings
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).
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