Rhumbline Advisers Buys 1,222 Shares of Monotype Imaging Holdings Inc. (TYPE)

Rhumbline Advisers grew its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,676 shares of the software maker’s stock after acquiring an additional 1,222 shares during the quarter. Rhumbline Advisers owned about 0.34% of Monotype Imaging Holdings worth $2,483,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its position in shares of Monotype Imaging Holdings by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the software maker’s stock valued at $338,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Monotype Imaging Holdings by 0.5% in the first quarter. Arizona State Retirement System now owns 21,500 shares of the software maker’s stock valued at $432,000 after acquiring an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Monotype Imaging Holdings by 3.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,510 shares of the software maker’s stock valued at $191,000 after acquiring an additional 340 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Monotype Imaging Holdings by 3.6% in the first quarter. First Trust Advisors LP now owns 14,505 shares of the software maker’s stock valued at $292,000 after acquiring an additional 501 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its position in shares of Monotype Imaging Holdings by 6.1% in the first quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock valued at $194,000 after acquiring an additional 554 shares in the last quarter. Institutional investors and hedge funds own 90.33% of the company’s stock.

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Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 19.80 on Wednesday. The company has a 50-day moving average price of $18.73 and a 200 day moving average price of $19.25. Monotype Imaging Holdings Inc. has a 1-year low of $15.75 and a 1-year high of $24.45. The firm has a market capitalization of $785.21 million, a price-to-earnings ratio of 682.76 and a beta of 0.93.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The business had revenue of $58.70 million during the quarter, compared to analysts’ expectations of $54.36 million. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. Monotype Imaging Holdings’s revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be given a $0.113 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.45 annualized dividend and a dividend yield of 2.28%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is presently 1,500.50%.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction on Sunday, July 16th. The stock was sold at an average price of $18.05, for a total value of $27,075.00. Following the completion of the sale, the director now owns 30,640 shares of the company’s stock, valued at $553,052. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 6,000 shares of company stock valued at $110,700. 2.30% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on TYPE. ValuEngine upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered Monotype Imaging Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. B. Riley reiterated a “neutral” rating and issued a $20.00 target price on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Finally, BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $20.50.

Monotype Imaging Holdings 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).

Institutional Ownership by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

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