Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares saw strong trading volume on Monday . 727,998 shares were traded during trading, an increase of 135% from the previous session’s volume of 309,613 shares.The stock last traded at $19.95 and had previously closed at $19.45.

Several equities research analysts recently commented on the stock. B. Riley reiterated a “neutral” rating and set a $20.00 price target on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. ValuEngine upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research downgraded shares of Monotype Imaging Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating, Monotype Imaging Holdings presently has a consensus rating of “Hold” and a consensus price target of $20.50.

The stock has a 50-day moving average of $18.73 and a 200 day moving average of $19.25. The firm has a market cap of $785.21 million, a P/E ratio of 682.76 and a beta of 0.93.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The company had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 earnings per share 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. The ex-dividend date is Friday, September 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.28%. Monotype Imaging Holdings’s dividend payout ratio (DPR) is 1,500.50%.

In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction on Sunday, July 16th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the sale, the director now directly owns 30,640 shares of the company’s stock, valued at $553,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,000 shares of company stock worth $110,700 over the last three months. 2.30% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Monotype Imaging Holdings by 0.6% during the second quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock worth $90,506,000 after purchasing an additional 28,680 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Monotype Imaging Holdings by 3.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock worth $77,434,000 after acquiring an additional 148,585 shares during the period. Vanguard Group Inc. increased its holdings in shares of Monotype Imaging Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock worth $68,777,000 after acquiring an additional 74,910 shares during the period. RGM Capital LLC increased its holdings in shares of Monotype Imaging Holdings by 19.7% in the 1st quarter. RGM Capital LLC now owns 2,809,116 shares of the software maker’s stock worth $56,463,000 after acquiring an additional 462,836 shares during the period. Finally, Trigran Investments Inc. increased its holdings in shares of Monotype Imaging Holdings by 33.0% in the 2nd quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock worth $33,825,000 after acquiring an additional 459,025 shares during the period. 90.33% of the stock is currently owned by institutional investors.

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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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