California Public Employees Retirement System decreased its position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,400 shares of the software maker’s stock after selling 6,000 shares during the period. California Public Employees Retirement System’s holdings in Monotype Imaging Holdings were worth $832,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Trigran Investments Inc. increased its stake in shares of Monotype Imaging Holdings by 42.6% in the first quarter. Trigran Investments Inc. now owns 1,389,324 shares of the software maker’s stock worth $27,925,000 after buying an additional 414,746 shares during the period. Principal Financial Group Inc. increased its stake in shares of Monotype Imaging Holdings by 2.8% in the first quarter. Principal Financial Group Inc. now owns 322,856 shares of the software maker’s stock worth $6,489,000 after buying an additional 8,735 shares during the period. Municipal Employees Retirement System of Michigan increased its stake 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 worth $191,000 after buying an additional 340 shares during the period. BB&T Securities LLC increased its stake in shares of Monotype Imaging Holdings by 17.1% in the first quarter. BB&T Securities LLC now owns 29,544 shares of the software maker’s stock worth $593,000 after buying an additional 4,319 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Monotype Imaging Holdings by 1.8% in the first quarter. Alliancebernstein L.P. now owns 63,452 shares of the software maker’s stock worth $1,275,000 after buying an additional 1,100 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) traded down 0.27% during midday trading on Wednesday, hitting $18.55. The stock had a trading volume of 27,215 shares. The stock has a 50-day moving average of $18.61 and a 200 day moving average of $19.75. Monotype Imaging Holdings Inc. has a 52 week low of $15.75 and a 52 week high of $24.45. The stock has a market cap of $735.64 million, a PE ratio of 639.66 and a beta of 0.92.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its earnings results on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $58.70 million during the quarter, compared to analyst estimates of $54.36 million. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 EPS for the current fiscal year.

The firm 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 2.43%. The ex-dividend date is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is presently 1,500.50%.

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A number of brokerages have recently commented on TYPE. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. B. Riley downgraded Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Monday, May 1st. Finally, BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.

In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction on Monday, August 14th. The shares were sold at an average price of $18.90, for a total transaction of $28,350.00. Following the completion of the sale, the director now owns 27,640 shares of the company’s stock, valued at approximately $522,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 4,500 shares of company stock valued at $83,325 in the last ninety days. Company insiders own 2.30% of the company’s stock.

About Monotype Imaging Holdings

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

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