State of Tennessee Treasury Department trimmed its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,714 shares of the software maker’s stock after selling 2,194 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of Monotype Imaging worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Pinebridge Investments L.P. boosted its stake in Monotype Imaging by 2.4% in the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock valued at $101,000 after acquiring an additional 131 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Monotype Imaging by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the software maker’s stock valued at $311,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System boosted its stake in Monotype Imaging by 1.4% in the second quarter. Arizona State Retirement System now owns 21,800 shares of the software maker’s stock valued at $399,000 after acquiring an additional 300 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Monotype Imaging 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 acquiring an additional 380 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Monotype Imaging by 2.2% in the second quarter. Texas Permanent School Fund now owns 30,552 shares of the software maker’s stock valued at $559,000 after acquiring an additional 672 shares in the last quarter. Institutional investors own 93.36% of the company’s stock.

Monotype Imaging Holdings Inc. (TYPE) opened at $25.50 on Tuesday. The stock has a market cap of $1,060.05, a price-to-earnings ratio of 133.68, a price-to-earnings-growth ratio of 8.47 and a beta of 0.98. Monotype Imaging Holdings Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $25.60. 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 (NASDAQ:TYPE) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. The business had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging had a net margin of 0.06% and a return on equity of 2.47%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. sell-side analysts expect that Monotype Imaging Holdings Inc. will post 0.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Tuesday, January 2nd will be issued 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 1.77%.

In related news, VP Janet M. Dunlap sold 8,063 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total transaction of $201,575.00. Following the completion of the transaction, the vice president now owns 92,913 shares of the company’s stock, valued at $2,322,825. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

A number of research firms have issued reports on TYPE. B. Riley raised their price target on shares of Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $22.75.

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Monotype Imaging 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 (NASDAQ:TYPE)

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