Kennedy Capital Management Inc. acquired a new position in shares of Monotype Imaging (NASDAQ:TYPE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 96,359 shares of the software maker’s stock, valued at approximately $2,322,000. Kennedy Capital Management Inc. owned about 0.23% of Monotype Imaging at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management CA lifted its position in shares of Monotype Imaging by 5.2% during the 3rd quarter. WCM Investment Management CA now owns 59,589 shares of the software maker’s stock worth $1,147,000 after purchasing an additional 2,930 shares during the last quarter. First Manhattan Co. lifted its position in Monotype Imaging by 30.0% in the fourth quarter. First Manhattan Co. now owns 13,000 shares of the software maker’s stock valued at $313,000 after acquiring an additional 3,000 shares during the last quarter. Granahan Investment Management Inc. MA lifted its position in Monotype Imaging by 1.1% in the third quarter. Granahan Investment Management Inc. MA now owns 269,339 shares of the software maker’s stock valued at $5,185,000 after acquiring an additional 3,062 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Monotype Imaging by 10.2% in the second quarter. Parametric Portfolio Associates LLC now owns 33,749 shares of the software maker’s stock valued at $618,000 after acquiring an additional 3,118 shares during the last quarter. Finally, State Street Corp lifted its position in Monotype Imaging by 0.3% in the second quarter. State Street Corp now owns 1,048,771 shares of the software maker’s stock valued at $19,194,000 after acquiring an additional 3,201 shares during the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.
In other Monotype Imaging news, EVP Steven R. Martin sold 29,000 shares of Monotype Imaging stock in a transaction on Monday, March 26th. The shares were sold at an average price of $22.93, for a total value of $664,970.00. Following the transaction, the executive vice president now directly owns 145,036 shares in the company, valued at $3,325,675.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Janet M. Dunlap sold 1,187 shares of Monotype Imaging stock in a transaction on 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 transaction, the chief accounting officer now owns 88,821 shares in the company, valued at $2,220,525. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,130 shares of company stock worth $1,253,421. 2.30% of the stock is currently owned by company insiders.
TYPE traded down $0.25 on Friday, reaching $22.35. The company had a trading volume of 183,091 shares, compared to its average volume of 296,068. 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 $930.96, a PE ratio of 42.17, a price-to-earnings-growth 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 posted its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.31. The company had revenue of $65.02 million for the quarter, compared to analyst estimates of $62.45 million. Monotype Imaging had a net margin of 4.90% and a return on equity of 6.10%. Monotype Imaging’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. equities analysts expect that Monotype Imaging will post 0.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Monday, April 2nd will be paid a $0.116 dividend. The ex-dividend date is Thursday, March 29th. This is a positive change from Monotype Imaging’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.08%. Monotype Imaging’s payout ratio is currently 86.79%.
TYPE has been the subject of a number of research reports. JPMorgan Chase cut shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company. in a research report on Tuesday, December 12th. BidaskClub cut shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. ValuEngine cut shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, B. Riley raised shares of Monotype Imaging from a “neutral” rating to a “buy” rating and boosted their price target for the company from $24.50 to $31.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.33.
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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).
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