Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Sells $27,900.00 in Stock

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $18.60, for a total transaction of $27,900.00. Following the sale, the director now owns 29,140 shares in the company, valued at $542,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Monotype Imaging Holdings Inc. (NASDAQ TYPE) opened at 18.25 on Friday. The company has a market cap of $723.74 million, a PE ratio of 629.31 and a beta of 0.92. The stock has a 50 day moving average of $18.59 and a 200-day moving average of $19.71. Monotype Imaging Holdings Inc. has a 12-month low of $15.75 and a 12-month high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. The business had revenue of $58.70 million during the quarter, compared to analyst estimates of $54.36 million. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, September 29th. Monotype Imaging Holdings’s payout ratio is presently 1,500.50%.

COPYRIGHT VIOLATION WARNING: This report was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/monotype-imaging-holdings-inc-nasdaqtype-director-roger-j-heinen-jr-sells-1500-shares-of-stock-updated-updated.html.

Several hedge funds and other institutional investors have recently modified their holdings of TYPE. Wells Fargo & Company MN raised its position in shares of Monotype Imaging Holdings by 1.3% in the first quarter. Wells Fargo & Company MN now owns 1,064,499 shares of the software maker’s stock valued at $21,396,000 after buying an additional 13,382 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of Monotype Imaging Holdings by 2.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 251,055 shares of the software maker’s stock valued at $5,046,000 after buying an additional 6,262 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Monotype Imaging Holdings by 77.9% in the first quarter. Janney Montgomery Scott LLC now owns 67,716 shares of the software maker’s stock valued at $1,361,000 after buying an additional 29,643 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Monotype Imaging Holdings by 2.4% in the first quarter. Nationwide Fund Advisors now owns 44,034 shares of the software maker’s stock valued at $885,000 after buying an additional 1,044 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of Monotype Imaging Holdings by 2.6% in the first quarter. Rice Hall James & Associates LLC now owns 115,582 shares of the software maker’s stock valued at $2,323,000 after buying an additional 2,943 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

TYPE has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, B. Riley downgraded shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research note on Monday, May 1st.

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).

Insider Buying and Selling by Quarter for Monotype Imaging Holdings (NASDAQ:TYPE)

Receive News & Ratings for Monotype Imaging Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply