Eaton Vance Management trimmed its stake in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 45.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,801 shares of the software maker’s stock after selling 65,379 shares during the quarter. Eaton Vance Management owned 0.20% of Monotype Imaging Holdings worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Monotype Imaging Holdings by 3.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock valued at $77,434,000 after purchasing an additional 148,585 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Monotype Imaging Holdings by 2.0% during the second quarter. Principal Financial Group Inc. now owns 329,217 shares of the software maker’s stock valued at $6,025,000 after purchasing an additional 6,361 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Monotype Imaging Holdings by 8.1% during the second quarter. Victory Capital Management Inc. now owns 21,472 shares of the software maker’s stock valued at $393,000 after purchasing an additional 1,605 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Monotype Imaging Holdings during the second quarter valued at approximately $421,000. Finally, BB&T Securities LLC boosted its holdings in Monotype Imaging Holdings by 23.4% during the second quarter. BB&T Securities LLC now owns 36,464 shares of the software maker’s stock valued at $667,000 after purchasing an additional 6,920 shares in the last quarter. 90.33% of the stock is currently owned by institutional investors.
Monotype Imaging Holdings Inc. (NASDAQ TYPE) opened at 18.55 on Thursday. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $24.45. The stock has a 50 day moving average price of $18.87 and a 200 day moving average price of $19.22. The firm has a market capitalization of $735.64 million, a P/E ratio of 639.66 and a beta of 0.93.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced 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. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The company had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $54.36 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts predict that Monotype Imaging Holdings Inc. will post $0.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Monday, October 2nd will be paid a $0.113 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.45 dividend on an annualized basis and a yield of 2.44%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 1,500.50%.
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In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.60, for a total value of $27,900.00. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at $542,004. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 6,000 shares of company stock worth $110,700 over the last three months. 2.30% of the stock is currently owned by insiders.
TYPE has been the topic of a number of recent research reports. Zacks Investment Research raised Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, August 21st. ValuEngine raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, B. Riley reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Monotype Imaging Holdings in a report on Saturday, August 5th. Five equities research analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has a consensus rating of “Hold” and a consensus 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).
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