Monotype Imaging Holdings Inc. (NASDAQ:TYPE) – Investment analysts at B. Riley lowered their FY2017 earnings estimates for Monotype Imaging Holdings in a research note issued on Wednesday. B. Riley analyst K. Liu now anticipates that the software maker will post earnings per share of $0.20 for the year, down from their prior estimate of $0.26. B. Riley has a “Neutral” rating and a $24.50 price target on the stock. B. Riley also issued estimates for Monotype Imaging Holdings’ Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.45 EPS and FY2019 earnings at $0.55 EPS.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Monotype Imaging Holdings had a return on equity of 2.47% and a net margin of 0.06%. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $59.35 million. During the same period last year, the business posted $0.18 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year.

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TYPE has been the subject of a number of other reports. Zacks Investment Research upgraded Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, August 21st. ValuEngine upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. 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, Monotype Imaging Holdings presently has a consensus rating of “Hold” and a consensus price target of $22.75.

Shares of Monotype Imaging Holdings (NASDAQ TYPE) opened at $24.00 on Monday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. Monotype Imaging Holdings has a 12 month low of $15.75 and a 12 month high of $24.45. The company has a market capitalization of $993.28, a PE ratio of 123.42, a price-to-earnings-growth ratio of 7.82 and a beta of 0.98.

Several large investors have recently made changes to their positions in the company. Lapides Asset Management LLC raised its stake in shares of Monotype Imaging Holdings by 262.9% in the third quarter. Lapides Asset Management LLC now owns 145,900 shares of the software maker’s stock worth $2,809,000 after purchasing an additional 105,700 shares during the last quarter. WCM Investment Management CA raised its stake in shares of Monotype Imaging Holdings by 5.2% in the third quarter. WCM Investment Management CA now owns 59,589 shares of the software maker’s stock worth $1,147,000 after purchasing an additional 2,930 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Monotype Imaging Holdings by 58.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,700 shares of the software maker’s stock worth $302,000 after purchasing an additional 5,810 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Monotype Imaging Holdings by 14.2% in the third quarter. New York State Common Retirement Fund now owns 70,996 shares of the software maker’s stock worth $1,367,000 after purchasing an additional 8,832 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Monotype Imaging Holdings by 62.3% in the third quarter. BNP Paribas Arbitrage SA now owns 21,874 shares of the software maker’s stock worth $421,000 after purchasing an additional 8,400 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $18.25, for a total value of $27,375.00. Following the completion of the transaction, the director now directly owns 26,140 shares in the company, valued at $477,055. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Tuesday, January 2nd will be paid a $0.113 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, December 29th.

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).

Earnings History and Estimates for Monotype Imaging Holdings (NASDAQ:TYPE)

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