B. Riley set a $31.00 price target on Monotype Imaging (NASDAQ:TYPE) in a report issued on Thursday. The firm currently has a buy rating on the software maker’s stock.

A number of other research analysts have also issued reports on the company. BidaskClub lowered Monotype Imaging from a hold rating to a sell rating in a research report on Thursday, August 30th. ValuEngine lowered Monotype Imaging from a buy rating to a hold rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research upgraded Monotype Imaging from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Monotype Imaging has a consensus rating of Hold and an average target price of $26.00.

Shares of TYPE stock opened at $20.30 on Thursday. 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 has a 1 year low of $18.20 and a 1 year high of $26.75. The firm has a market cap of $850.50 million, a price-to-earnings ratio of 38.30 and a beta of 1.00.

Monotype Imaging (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, July 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.19. Monotype Imaging had a return on equity of 8.88% and a net margin of 5.19%. The company had revenue of $60.69 million during the quarter, compared to analyst estimates of $59.64 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. equities analysts expect that Monotype Imaging will post 0.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Monday, October 1st will be paid a $0.116 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, September 28th. Monotype Imaging’s dividend payout ratio is presently 86.79%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Monotype Imaging by 8.3% in the 2nd quarter. BlackRock Inc. now owns 5,819,939 shares of the software maker’s stock worth $118,145,000 after buying an additional 443,624 shares in the last quarter. RGM Capital LLC raised its stake in shares of Monotype Imaging by 2.3% in the 2nd quarter. RGM Capital LLC now owns 3,533,838 shares of the software maker’s stock worth $71,737,000 after buying an additional 79,399 shares in the last quarter. Trigran Investments Inc. raised its stake in shares of Monotype Imaging by 1.8% in the 2nd quarter. Trigran Investments Inc. now owns 2,157,734 shares of the software maker’s stock worth $43,802,000 after buying an additional 39,078 shares in the last quarter. FMR LLC raised its stake in shares of Monotype Imaging by 1.4% in the 2nd quarter. FMR LLC now owns 1,895,630 shares of the software maker’s stock worth $38,481,000 after buying an additional 26,547 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Monotype Imaging by 1,493.0% in the 1st quarter. Millennium Management LLC now owns 677,958 shares of the software maker’s stock worth $15,220,000 after buying an additional 635,399 shares in the last quarter. 88.44% of the stock is currently owned by institutional investors.

Monotype Imaging Company 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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