OZ Management LP bought a new position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 132,521 shares of the software maker’s stock, valued at approximately $2,551,000. OZ Management LP owned approximately 0.32% of Monotype Imaging at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Monotype Imaging by 8.9% during the second quarter. Goldman Sachs Group Inc. now owns 59,867 shares of the software maker’s stock worth $1,096,000 after purchasing an additional 4,871 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Monotype Imaging by 3.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock worth $77,434,000 after purchasing an additional 148,585 shares in the last quarter. BlackRock Inc. grew its position in shares of Monotype Imaging by 0.6% during the second quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock worth $90,506,000 after purchasing an additional 28,680 shares in the last quarter. Stifel Financial Corp grew its position in shares of Monotype Imaging by 5.4% during the second quarter. Stifel Financial Corp now owns 110,727 shares of the software maker’s stock worth $2,027,000 after purchasing an additional 5,707 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Monotype Imaging by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock worth $68,777,000 after purchasing an additional 74,910 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.
Several analysts recently issued reports on TYPE shares. Zacks Investment Research upgraded Monotype Imaging from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, August 21st. B. Riley increased their target price on Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $22.75.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at $24.90 on Tuesday. The firm has a market capitalization of $1,057.97, a P/E ratio of 133.42, a price-to-earnings-growth ratio of 8.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.43 and a current ratio of 2.43. Monotype Imaging Holdings Inc. has a 1-year low of $15.75 and a 1-year high of $25.77.
Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging had a return on equity of 2.47% and a net margin of 0.06%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. equities research analysts expect that Monotype Imaging Holdings Inc. will post 0.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, December 29th.
In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total transaction of $201,575.00. Following the completion of the transaction, the vice president now owns 92,913 shares in the company, valued at approximately $2,322,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.
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About Monotype Imaging
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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