Monotype Imaging (TYPE) Reaches New 12-Month Low at $19.42

Monotype Imaging Holdings Inc. (NASDAQ:TYPE)’s share price hit a new 52-week low on Monday . The company traded as low as $19.42 and last traded at $19.63, with a volume of 3154 shares traded. The stock had previously closed at $19.80.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Zacks Investment Research raised shares of Monotype Imaging from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, July 3rd. ValuEngine cut shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, B. Riley set a $31.00 price target on shares of Monotype Imaging and gave the stock a “buy” rating in a research report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Monotype Imaging presently has an average rating of “Hold” and an average target price of $26.00.

The stock has a market capitalization of $850.50 million, a price-to-earnings ratio of 37.19 and a beta of 0.96. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25.

Monotype Imaging (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, July 27th. The software maker reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.19. The company had revenue of $60.69 million for the quarter, compared to analysts’ expectations of $59.64 million. Monotype Imaging had a net margin of 5.19% and a return on equity of 8.88%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that Monotype Imaging Holdings Inc. will post 0.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Monday, October 1st will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.38%. Monotype Imaging’s payout ratio is 86.79%.

Several large investors have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in shares of Monotype Imaging by 1.2% during the second quarter. Northern Trust Corp now owns 555,674 shares of the software maker’s stock worth $11,280,000 after acquiring an additional 6,846 shares during the period. California Public Employees Retirement System raised its holdings in shares of Monotype Imaging by 13.8% during the second quarter. California Public Employees Retirement System now owns 45,663 shares of the software maker’s stock worth $927,000 after acquiring an additional 5,549 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Monotype Imaging during the second quarter worth $398,000. RGM Capital LLC raised its holdings in shares of Monotype Imaging by 2.3% during the second quarter. RGM Capital LLC now owns 3,533,838 shares of the software maker’s stock worth $71,737,000 after acquiring an additional 79,399 shares during the period. Finally, Trigran Investments Inc. raised its holdings in shares of Monotype Imaging by 1.8% during the second quarter. Trigran Investments Inc. now owns 2,157,734 shares of the software maker’s stock worth $43,802,000 after acquiring an additional 39,078 shares during the period. Institutional investors and hedge funds own 88.43% of the company’s stock.

Monotype Imaging Company Profile (NASDAQ:TYPE)

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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