Swiss National Bank trimmed its holdings in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,100 shares of the software maker’s stock after selling 8,400 shares during the period. Swiss National Bank owned 0.15% of Monotype Imaging worth $1,322,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Spark Investment Management LLC raised its stake in shares of Monotype Imaging by 1.4% during the second quarter. Spark Investment Management LLC now owns 321,200 shares of the software maker’s stock worth $6,520,000 after buying an additional 4,300 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Monotype Imaging by 42.3% during the second quarter. Russell Investments Group Ltd. now owns 16,605 shares of the software maker’s stock worth $337,000 after buying an additional 4,935 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Monotype Imaging by 165.8% during the second quarter. SG Americas Securities LLC now owns 16,334 shares of the software maker’s stock worth $332,000 after buying an additional 10,189 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Monotype Imaging by 4.2% during the second quarter. Rhumbline Advisers now owns 101,805 shares of the software maker’s stock worth $2,067,000 after buying an additional 4,110 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Monotype Imaging during the second quarter worth approximately $442,000. 88.44% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on TYPE. ValuEngine downgraded shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Zacks Investment Research raised shares of Monotype Imaging from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.00.
Shares of NASDAQ TYPE opened at $20.45 on Monday. The company has a market cap of $848.39 million, a P/E ratio of 38.58 and a beta of 1.00. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. Monotype Imaging Holdings Inc. has a 52-week low of $18.20 and a 52-week high of $26.75.
Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, July 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.19. The firm had revenue of $60.69 million during the quarter, compared to analysts’ expectations of $59.64 million. Monotype Imaging had a net margin of 5.19% and a return on equity of 8.88%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. equities research analysts predict that Monotype Imaging Holdings Inc. will post 0.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Monday, October 1st will be issued a $0.116 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, September 28th. Monotype Imaging’s dividend payout ratio (DPR) is presently 86.79%.
Monotype Imaging Profile
Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.
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