Monotype Imaging Holdings Inc. (NASDAQ:TYPE) released its quarterly earnings data on Friday. The software maker reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06, Bloomberg Earnings reports. The firm had revenue of $58.70 million during the quarter, compared to analyst estimates of $54.36 million. Monotype Imaging Holdings had a return on equity of 5.66% and a net margin of 4.00%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Monotype Imaging Holdings updated its Q3 guidance to $0.12-0.16 EPS and its FY17 guidance to $0.54-0.62 EPS.

Monotype Imaging Holdings (NASDAQ TYPE) traded up 1.36% during mid-day trading on Friday, hitting $18.70. The stock had a trading volume of 275,876 shares. The stock’s 50-day moving average price is $18.68 and its 200-day moving average price is $19.97. Monotype Imaging Holdings has a 12 month low of $15.75 and a 12 month high of $24.45. The stock has a market cap of $741.59 million, a price-to-earnings ratio of 644.83 and a beta of 0.91.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Monday, July 3rd were paid a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, June 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is presently 1,500.50%.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.watchlistnews.com/monotype-imaging-holdings-inc-nasdaqtype-announces-earnings-results/1462905.html.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, B. Riley lowered Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Monday, May 1st.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Sunday, July 16th. The stock was sold at an average price of $18.05, for a total transaction of $27,075.00. Following the transaction, the director now owns 30,640 shares of the company’s stock, valued at approximately $553,052. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in 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 valued at $106,000 after buying an additional 3,003 shares in the last quarter. UBS Group AG increased its position in Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock valued at $141,000 after buying an additional 759 shares in the last quarter. State of Alaska Department of Revenue increased its position in Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock valued at $150,000 after buying an additional 3,624 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in 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 valued at $172,000 after buying an additional 929 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Monotype Imaging Holdings by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock valued at $181,000 after buying an additional 380 shares in the last quarter. 91.46% of the stock is currently owned by hedge funds and other institutional investors.

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).

Earnings History for Monotype Imaging Holdings (NASDAQ:TYPE)

Receive News & Ratings for Monotype Imaging Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.