California State Teachers Retirement System cut its position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,734 shares of the software maker’s stock after selling 6,153 shares during the quarter. California State Teachers Retirement System owned about 0.19% of Monotype Imaging Holdings worth $1,349,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TYPE. Pinebridge Investments L.P. increased its stake in Monotype Imaging Holdings by 2.4% during the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after acquiring an additional 131 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Monotype Imaging Holdings by 85.7% in the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock valued at $127,000 after buying an additional 3,222 shares in the last quarter. UBS Group AG grew its stake 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 valued at $141,000 after buying an additional 759 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of 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. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of 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. Institutional investors own 85.67% of the company’s stock.

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A number of research firms have recently issued reports on TYPE. B. Riley reiterated a “neutral” rating and issued a $20.00 target price on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, ValuEngine upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has an average rating of “Hold” and an average price target of $22.75.

In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $18.25, for a total value of $27,375.00. Following the completion of the transaction, the director now owns 26,140 shares of the company’s stock, valued at $477,055. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Janet M. Dunlap sold 8,063 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total value of $201,575.00. Following the completion of the transaction, the vice president now directly owns 92,913 shares of the company’s stock, valued at approximately $2,322,825. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Shares of Monotype Imaging Holdings Inc. (TYPE) opened at $25.05 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. Monotype Imaging Holdings Inc. has a 12 month low of $15.75 and a 12 month high of $25.05. The stock has a market capitalization of $1,032.93, a PE ratio of 130.26, a PEG ratio of 8.25 and a beta of 0.98.

Monotype Imaging Holdings (NASDAQ:TYPE) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Monotype Imaging Holdings had a return on equity of 2.47% and a net margin of 0.06%. The business had revenue of $60.50 million during the quarter, compared to analyst estimates of $59.35 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. analysts expect that Monotype Imaging Holdings Inc. will post 0.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Tuesday, January 2nd will be paid a $0.113 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.80%.

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).

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

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