Monotype Imaging (TYPE) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in Monotype Imaging (NASDAQ:TYPE) by 39.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,839 shares of the software maker’s stock after buying an additional 20,190 shares during the quarter. Wells Fargo & Company MN owned 0.17% of Monotype Imaging worth $1,707,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First Manhattan Co. raised its stake in Monotype Imaging by 30.0% in the 4th quarter. First Manhattan Co. now owns 13,000 shares of the software maker’s stock valued at $313,000 after acquiring an additional 3,000 shares during the period. Confluence Investment Management LLC raised its stake in Monotype Imaging by 2.1% in the 4th quarter. Confluence Investment Management LLC now owns 203,244 shares of the software maker’s stock valued at $4,898,000 after acquiring an additional 4,254 shares during the period. Swiss National Bank raised its stake in Monotype Imaging by 7.3% in the 4th quarter. Swiss National Bank now owns 73,500 shares of the software maker’s stock valued at $1,771,000 after acquiring an additional 5,000 shares during the period. California Public Employees Retirement System raised its stake in Monotype Imaging by 17.8% in the 4th quarter. California Public Employees Retirement System now owns 46,922 shares of the software maker’s stock valued at $1,131,000 after acquiring an additional 7,096 shares during the period. Finally, Aperio Group LLC bought a new stake in Monotype Imaging in the 4th quarter valued at about $202,000. 92.16% of the stock is currently owned by institutional investors.

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In other news, CAO Janet M. Dunlap sold 1,187 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $25.00, for a total transaction of $29,675.00. Following the sale, the chief accounting officer now directly owns 88,821 shares in the company, valued at $2,220,525. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven R. Martin sold 21,943 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $22.17, for a total value of $486,476.31. Following the sale, the executive vice president now owns 116,488 shares in the company, valued at $2,582,538.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,130 shares of company stock worth $1,203,421. Company insiders own 3.40% of the company’s stock.

TYPE has been the topic of a number of research reports. BidaskClub upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research cut Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. B. Riley upgraded Monotype Imaging from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.50 to $31.00 in a research note on Tuesday, February 20th. ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, TheStreet upgraded Monotype Imaging from a “c” rating to a “b” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Monotype Imaging currently has an average rating of “Hold” and an average target price of $27.33.

Shares of Monotype Imaging stock opened at $23.60 on Wednesday. Monotype Imaging has a 52-week low of $15.75 and a 52-week high of $26.75. The stock has a market capitalization of $988.01, a P/E ratio of 44.53, a PEG ratio of 3.13 and a beta of 0.80. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28.

Monotype Imaging (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, February 16th. The software maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.31. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. The firm had revenue of $65.02 million for the quarter, compared to analysts’ expectations of $62.45 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue was up 23.5% on a year-over-year basis. sell-side analysts forecast that Monotype Imaging will post 0.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.116 per share. The ex-dividend date is Thursday, March 29th. This is a boost from Monotype Imaging’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 1.97%. Monotype Imaging’s dividend payout ratio is currently 86.79%.

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Monotype Imaging 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 (NASDAQ:TYPE)

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