Texas Permanent School Fund cut its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,880 shares of the software maker’s stock after selling 481 shares during the period. Texas Permanent School Fund’s holdings in Monotype Imaging Holdings were worth $601,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of Monotype Imaging Holdings by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the software maker’s stock worth $338,000 after buying an additional 100 shares during the last quarter. First Trust Advisors LP raised its position in shares of Monotype Imaging Holdings by 3.6% in the first quarter. First Trust Advisors LP now owns 14,505 shares of the software maker’s stock worth $292,000 after buying an additional 501 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 during the last quarter. First Republic Investment Management Inc. raised its position in shares of Monotype Imaging Holdings by 9.2% in the fourth quarter. First Republic Investment Management Inc. now owns 12,130 shares of the software maker’s stock worth $240,000 after buying an additional 1,022 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Monotype Imaging Holdings by 2.4% in the first quarter. Nationwide Fund Advisors now owns 44,034 shares of the software maker’s stock worth $885,000 after buying an additional 1,044 shares during the last quarter. 91.67% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Monotype Imaging Holdings Inc. (NASDAQ TYPE) opened at 19.00 on Friday. The stock has a market cap of $750.04 million, a PE ratio of 94.53 and a beta of 1.02. The stock has a 50 day moving average of $19.47 and a 200-day moving average of $20.28. Monotype Imaging Holdings Inc. has a 52 week low of $17.31 and a 52 week high of $25.37.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Friday, April 28th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $53.95 million. Monotype Imaging Holdings had a net margin of 4.00% and a return on equity of 5.66%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. Equities research analysts predict that Monotype Imaging Holdings Inc. will post $0.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Monday, July 3rd will be given a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, June 29th. Monotype Imaging Holdings’s dividend payout ratio is presently 225.01%.

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A number of equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $22.50 price target on shares of Monotype Imaging Holdings in a report on Sunday, February 26th. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th.

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).

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