Monotype Imaging Holdings Inc. (NASDAQ:TYPE) CAO Sells $50,000.00 in Stock

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) CAO Janet M. Dunlap sold 2,000 shares of Monotype Imaging stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer now owns 90,008 shares of the company’s stock, valued at $2,250,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Monotype Imaging Holdings Inc. (NASDAQ TYPE) traded down $0.30 on Friday, hitting $24.35. 234,875 shares of the company were exchanged, compared to its average volume of 140,468. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market capitalization of $1,028.75, a P/E ratio of 129.74, a price-to-earnings-growth ratio of 3.65 and a beta of 0.87. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $25.77.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Monotype Imaging by 0.6% during the second quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock valued at $90,506,000 after purchasing an additional 28,680 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Monotype Imaging by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock valued at $68,777,000 after purchasing an additional 74,910 shares in the last quarter. Trigran Investments Inc. lifted its holdings in Monotype Imaging by 23.5% during the third quarter. Trigran Investments Inc. now owns 2,283,331 shares of the software maker’s stock valued at $43,954,000 after purchasing an additional 434,982 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Monotype Imaging by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,429,976 shares of the software maker’s stock valued at $27,527,000 after purchasing an additional 13,869 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Monotype Imaging by 1.9% during the second quarter. Wells Fargo & Company MN now owns 1,084,981 shares of the software maker’s stock valued at $19,855,000 after purchasing an additional 20,482 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on the stock. BidaskClub lowered shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. downgraded shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a report on Friday. Finally, B. Riley raised their price objective on shares of Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Monotype Imaging presently has a consensus rating of “Sell” and an average target price of $23.17.

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Monotype Imaging 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).

Insider Buying and Selling by Quarter for Monotype Imaging (NASDAQ:TYPE)

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