4,532 Shares in Monotype Imaging (TYPE) Purchased by Elkfork Partners LLC

Elkfork Partners LLC bought a new stake in Monotype Imaging (NASDAQ:TYPE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,532 shares of the software maker’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Monotype Imaging by 2.6% in the 4th quarter. BlackRock Inc. now owns 5,274,954 shares of the software maker’s stock valued at $127,127,000 after buying an additional 132,390 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Monotype Imaging by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,429,976 shares of the software maker’s stock valued at $27,527,000 after buying an additional 13,869 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Monotype Imaging by 686.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 863,476 shares of the software maker’s stock valued at $20,810,000 after buying an additional 753,637 shares in the last quarter. Fondren Management LP grew its position in Monotype Imaging by 9.8% in the 4th quarter. Fondren Management LP now owns 851,137 shares of the software maker’s stock valued at $20,512,000 after buying an additional 75,830 shares in the last quarter. Finally, WCM Investment Management CA grew its position in Monotype Imaging by 494.8% in the 4th quarter. WCM Investment Management CA now owns 354,414 shares of the software maker’s stock valued at $8,541,000 after buying an additional 294,825 shares in the last quarter. Hedge funds and other institutional investors own 93.41% of the company’s stock.

How to Become a New Pot Stock Millionaire

NASDAQ:TYPE opened at $22.35 on Friday. Monotype Imaging has a twelve month low of $15.75 and a twelve month high of $26.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a market cap of $939.27, a PE ratio of 42.17, a price-to-earnings-growth ratio of 3.01 and a beta of 0.80.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.31. Monotype Imaging had a net margin of 4.90% and a return on equity of 6.10%. The company had revenue of $65.02 million during the quarter, compared to analyst estimates of $62.45 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. equities research analysts expect that Monotype Imaging will post 0.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.116 per share. This is a positive change from Monotype Imaging’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 29th. This represents a $0.46 annualized dividend and a dividend yield of 2.08%. Monotype Imaging’s dividend payout ratio (DPR) is 86.79%.

In other Monotype Imaging news, CAO Janet M. Dunlap sold 1,187 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $25.00, for a total transaction of $29,675.00. Following the completion of the sale, the chief accounting officer now directly owns 88,821 shares of the company’s stock, valued at $2,220,525. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Martin sold 29,000 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $22.93, for a total transaction of $664,970.00. Following the sale, the executive vice president now directly owns 145,036 shares of the company’s stock, valued at $3,325,675.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,130 shares of company stock valued at $1,253,421. Insiders own 2.30% of the company’s stock.

A number of brokerages recently issued reports on TYPE. TheStreet upgraded shares of Monotype Imaging from a “c” rating to a “b” rating in a research report on Friday, February 16th. ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Zacks Investment Research lowered shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. JPMorgan Chase lowered shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a research report on Tuesday, December 12th. Finally, B. Riley upgraded shares of Monotype Imaging from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.50 to $31.00 in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Monotype Imaging presently has an average rating of “Hold” and a consensus price target of $27.33.

TRADEMARK VIOLATION WARNING: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3340046/4532-shares-in-monotype-imaging-type-purchased-by-elkfork-partners-llc.html.

Monotype Imaging 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).

Want to see what other hedge funds are holding TYPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monotype Imaging (NASDAQ:TYPE).

Institutional Ownership by Quarter for Monotype Imaging (NASDAQ:TYPE)

Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Raymond James Reaffirms Buy Rating for TG Therapeutics
Raymond James Reaffirms Buy Rating for TG Therapeutics
ValuEngine Lowers Taiwan Semiconductor Mfg.  to Buy
ValuEngine Lowers Taiwan Semiconductor Mfg. to Buy
Zacks Investment Research Lowers The J.M. Smucker  to Hold
Zacks Investment Research Lowers The J.M. Smucker to Hold
Team  Raised to “Sell” at ValuEngine
Team Raised to “Sell” at ValuEngine
Transocean  Price Target Raised to $13.00
Transocean Price Target Raised to $13.00
Sanchez Energy  Downgraded to “Hold” at KLR Group
Sanchez Energy Downgraded to “Hold” at KLR Group


© 2006-2018 Ticker Report. Google+.