ValuEngine cut shares of Monotype Imaging (NASDAQ:TYPE) from a hold rating to a sell rating in a report published on Monday.

Other equities analysts have also issued research reports about the company. B. Riley set a $31.00 price objective on Monotype Imaging and gave the stock a buy rating in a research note on Thursday, September 20th. BidaskClub raised Monotype Imaging from a strong sell rating to a sell rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. raised Monotype Imaging from an underweight rating to a neutral rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Monotype Imaging presently has an average rating of Hold and a consensus price target of $27.00.

TYPE stock traded up $0.07 during trading on Monday, hitting $16.18. The company had a trading volume of 675 shares, compared to its average volume of 233,514. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market cap of $668.00 million, a price-to-earnings ratio of 30.40 and a beta of 1.01. Monotype Imaging has a fifty-two week low of $15.29 and a fifty-two week high of $26.75.

Monotype Imaging (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, November 2nd. The software maker reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $58.00 million for the quarter, compared to analyst estimates of $59.65 million. Monotype Imaging had a return on equity of 10.00% and a net margin of 6.02%. Monotype Imaging’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, research analysts anticipate that Monotype Imaging will post 0.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.116 per share. The ex-dividend date is Monday, December 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.87%. Monotype Imaging’s payout ratio is currently 86.79%.

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Monotype Imaging during the third quarter worth $203,000. AXA bought a new stake in shares of Monotype Imaging during the third quarter worth $283,000. SG Americas Securities LLC raised its position in shares of Monotype Imaging by 165.8% during the second quarter. SG Americas Securities LLC now owns 16,334 shares of the software maker’s stock worth $332,000 after acquiring an additional 10,189 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Monotype Imaging by 42.3% during the second quarter. Russell Investments Group Ltd. now owns 16,605 shares of the software maker’s stock worth $337,000 after acquiring an additional 4,935 shares during the last quarter. Finally, Trexquant Investment LP raised its position in shares of Monotype Imaging by 70.5% during the third quarter. Trexquant Investment LP now owns 18,645 shares of the software maker’s stock worth $377,000 after acquiring an additional 7,711 shares during the last quarter. Institutional investors own 89.62% of the company’s stock.

About Monotype Imaging

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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