State of Alaska Department of Revenue increased its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 79.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,204 shares of the software maker’s stock after buying an additional 3,624 shares during the period. State of Alaska Department of Revenue’s holdings in Monotype Imaging Holdings were worth $150,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TYPE. Norges Bank acquired a new position in Monotype Imaging Holdings during the fourth quarter worth approximately $8,858,000. Teachers Advisors LLC increased its position in Monotype Imaging Holdings by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 73,554 shares of the software maker’s stock worth $1,460,000 after buying an additional 1,379 shares in the last quarter. WCM Investment Management CA increased its position in Monotype Imaging Holdings by 7.6% in the first quarter. WCM Investment Management CA now owns 55,259 shares of the software maker’s stock worth $1,111,000 after buying an additional 3,895 shares in the last quarter. 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 worth $106,000 after buying an additional 3,003 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in 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 in the last quarter. Institutional investors and hedge funds own 91.01% of the company’s stock.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) traded down 0.79% during trading on Thursday, reaching $18.90. 54,860 shares of the company’s stock were exchanged. The company has a market capitalization of $749.52 million, a price-to-earnings ratio of 651.72 and a beta of 0.92. The stock’s 50-day moving average price is $18.61 and its 200-day moving average price is $19.83. Monotype Imaging Holdings Inc. has a 52-week low of $15.75 and a 52-week high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The firm had revenue of $58.70 million during the quarter, compared to analyst estimates of $54.36 million. During the same period in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities analysts expect that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.45 annualized dividend and a yield of 2.37%. Monotype Imaging Holdings’s dividend payout ratio is currently 1,500.50%.

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

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.60, for a total transaction of $27,900.00. Following the sale, the director now owns 29,140 shares in the company, valued at $542,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

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

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