Monotype Imaging (NASDAQ:TYPE) EVP Steven R. Martin sold 21,943 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $22.17, for a total value of $486,476.31. Following the sale, the executive vice president now owns 116,488 shares of the company’s stock, valued at approximately $2,582,538.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of TYPE stock opened at $22.35 on Friday. 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 company has a market capitalization of $930.96, a P/E ratio of 42.17, a P/E/G ratio of 2.99 and a beta of 0.80. Monotype Imaging has a 1 year low of $15.75 and a 1 year high of $26.75.
Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings results on Friday, February 16th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.31. The business had revenue of $65.02 million during the quarter, compared to analysts’ expectations of $62.45 million. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. analysts predict that Monotype Imaging will post 0.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Monday, April 2nd will be paid a $0.116 dividend. This is a boost from Monotype Imaging’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, March 29th. Monotype Imaging’s payout ratio is 86.79%.
A number of equities research analysts have recently issued reports on the company. TheStreet upgraded Monotype Imaging from a “c” rating to a “b” rating in a report on Friday, February 16th. Zacks Investment Research cut Monotype Imaging from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. BidaskClub cut Monotype Imaging from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine cut Monotype Imaging from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, B. Riley upgraded Monotype Imaging from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $24.50 to $31.00 in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.33.
Hedge funds have recently modified their holdings of the stock. Scoggin Management LP bought a new stake in shares of Monotype Imaging in the third quarter valued at approximately $3,465,000. Swiss National Bank boosted its stake in shares of Monotype Imaging by 7.3% in the fourth quarter. Swiss National Bank now owns 73,500 shares of the software maker’s stock valued at $1,771,000 after buying an additional 5,000 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Monotype Imaging by 20.8% in the fourth quarter. Rice Hall James & Associates LLC now owns 166,893 shares of the software maker’s stock valued at $4,022,000 after buying an additional 28,702 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Monotype Imaging by 62.3% in the third quarter. BNP Paribas Arbitrage SA now owns 21,874 shares of the software maker’s stock valued at $421,000 after buying an additional 8,400 shares during the period. Finally, OZ Management LP bought a new stake in shares of Monotype Imaging in the third quarter valued at approximately $2,551,000. Institutional investors and hedge funds own 93.41% 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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