According to Zacks, “Monotype is a leader in empowering expression and engagement through a combination of type, technology and expertise. Headquartered in Woburn, Mass., Monotype provides customers worldwide with typeface solutions for a broad range of creative applications and consumer devices. The company’s libraries and e-commerce sites are home to many of the most widely used typefaces – including the Helvetica, Frutiger and Univers families – as well as the next generation of type designs. Monotype provides the design assets, technology and expertise that help you create beautiful, authentic and impactful brands that customers will engage with and value, wherever they experience your brand, now and in the future. Their fonts and technologies are designed to enable creative expression and give brands a distinct global voice. They are behind the text you read in newspapers and books, in the apps on your phone, in the websites you browse, on the dashboard you scan, on the goods you buy, and in the games you play. “
Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Dougherty & Co downgraded shares of Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.83.
TYPE remained flat at $$19.84 during trading on Friday. The firm has a market capitalization of $819.79 million, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. Monotype Imaging has a 52 week low of $15.29 and a 52 week high of $21.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.30 and a quick ratio of 2.30. The stock’s fifty day simple moving average is $19.79 and its 200-day simple moving average is $18.56.
Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, July 26th. The software maker reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.19. Monotype Imaging had a net margin of 10.28% and a return on equity of 10.65%. The business had revenue of $63.24 million during the quarter, compared to the consensus estimate of $57.35 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts predict that Monotype Imaging will post 1.02 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Monotype Imaging by 1.3% during the second quarter. Arizona State Retirement System now owns 64,178 shares of the software maker’s stock worth $1,081,000 after buying an additional 813 shares during the period. Summit Global Investments raised its holdings in shares of Monotype Imaging by 3.6% during the first quarter. Summit Global Investments now owns 42,800 shares of the software maker’s stock worth $851,000 after purchasing an additional 1,500 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Monotype Imaging by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 72,780 shares of the software maker’s stock worth $1,223,000 after purchasing an additional 2,573 shares during the last quarter. Confluence Investment Management LLC raised its holdings in shares of Monotype Imaging by 0.9% during the second quarter. Confluence Investment Management LLC now owns 287,528 shares of the software maker’s stock worth $4,842,000 after purchasing an additional 2,677 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Monotype Imaging during the second quarter worth $70,000. Institutional investors and hedge funds own 88.54% of the company’s stock.
About Monotype Imaging
Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.
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