Metropolitan Life Insurance Co. NY decreased its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 26,983 shares of the software maker’s stock after selling 1,301 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Monotype Imaging Holdings were worth $542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TYPE. Bank of Montreal Can boosted its position in shares of Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock worth $106,000 after buying an additional 3,003 shares in the last quarter. UBS Group AG boosted its position in shares of Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after buying an additional 759 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Monotype Imaging Holdings by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock worth $172,000 after buying an additional 929 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position 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 in the last quarter. Finally, Mason Street Advisors LLC boosted its position in shares of Monotype Imaging Holdings by 6.1% in the first quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock worth $194,000 after buying an additional 554 shares in the last quarter. Institutional investors own 91.01% of the company’s stock.

Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) traded down 1.32% during mid-day trading on Friday, hitting $18.65. The stock had a trading volume of 69,933 shares. The firm’s 50 day moving average price is $18.61 and its 200-day moving average price is $19.83. The company has a market cap of $739.60 million, a PE ratio of 643.10 and a beta of 0.92. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $58.70 million during the quarter, compared to analysts’ expectations of $54.36 million. During the same period in the prior year, the company earned $0.27 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current fiscal year.

The company also recently declared 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 2.39%. The ex-dividend date is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 1,500.50%.

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A number of research analysts have commented on TYPE shares. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, B. Riley lowered Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Monday, May 1st.

In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.60, for a total transaction of $27,900.00. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at $542,004. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

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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