Citadel Advisors LLC boosted its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 18.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502,939 shares of the software maker’s stock after buying an additional 79,049 shares during the period. Citadel Advisors LLC owned 1.21% of Monotype Imaging worth $10,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new position in shares of Monotype Imaging during the second quarter valued at $199,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Monotype Imaging during the third quarter valued at $203,000. AXA acquired a new position in shares of Monotype Imaging during the third quarter valued at $283,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Monotype Imaging during the second quarter valued at $290,000. Finally, SG Americas Securities LLC increased its holdings in shares of Monotype Imaging by 165.8% during the second quarter. SG Americas Securities LLC now owns 16,334 shares of the software maker’s stock valued at $332,000 after purchasing an additional 10,189 shares during the period. 89.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. BidaskClub raised Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley set a $31.00 target price on Monotype Imaging and gave the company a “buy” rating in a research note on Thursday, September 20th. JPMorgan Chase & Co. raised Monotype Imaging from an “underweight” rating to a “neutral” rating in a research note on Friday, November 2nd. Finally, ValuEngine cut Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.00.

Shares of TYPE stock opened at $16.66 on Thursday. Monotype Imaging Holdings Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $26.75. The stock has a market cap of $716.61 million, a P/E ratio of 31.43 and a beta of 1.04. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.24.

Monotype Imaging (NASDAQ:TYPE) last announced its earnings results on Friday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Monotype Imaging had a return on equity of 10.00% and a net margin of 6.02%. The business had revenue of $58.00 million during the quarter, compared to analysts’ expectations of $59.65 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Monotype Imaging Holdings Inc. will post 0.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.116 per share. The ex-dividend date is Monday, December 31st. This represents a $0.46 annualized dividend and a yield of 2.79%. Monotype Imaging’s dividend payout ratio is currently 86.79%.

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About Monotype Imaging

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

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