BlackRock Inc. Sells 19,567 Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE)

BlackRock Inc. decreased its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,000,642 shares of the software maker’s stock after selling 19,567 shares during the period. BlackRock Inc. owned 14.44% of Monotype Imaging worth $93,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Monotype Imaging during the fourth quarter worth about $37,000. Arizona State Retirement System raised its position in Monotype Imaging by 4.7% in the 4th quarter. Arizona State Retirement System now owns 63,974 shares of the software maker’s stock valued at $993,000 after buying an additional 2,896 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Monotype Imaging in the 4th quarter valued at approximately $53,000. Russell Investments Group Ltd. increased its position in shares of Monotype Imaging by 22.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 20,393 shares of the software maker’s stock worth $412,000 after purchasing an additional 3,788 shares during the last quarter. Finally, BlueMountain Capital Management LLC increased its position in shares of Monotype Imaging by 21.7% during the 3rd quarter. BlueMountain Capital Management LLC now owns 29,478 shares of the software maker’s stock worth $595,000 after purchasing an additional 5,266 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

TYPE traded down $0.07 during trading on Friday, hitting $20.35. The stock had a trading volume of 347,276 shares, compared to its average volume of 216,288. The company has a market capitalization of $843.47 million, a PE ratio of 26.09 and a beta of 1.09. Monotype Imaging Holdings Inc. has a one year low of $15.29 and a one year high of $24.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.37 and a quick ratio of 2.37.

Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings results on Friday, February 15th. The software maker reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.22. The business had revenue of $71.40 million during the quarter, compared to the consensus estimate of $65.15 million. Monotype Imaging had a return on equity of 9.70% and a net margin of 4.89%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. Equities analysts anticipate that Monotype Imaging Holdings Inc. will post 0.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, April 1st were issued a dividend of $0.116 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.28%. Monotype Imaging’s dividend payout ratio (DPR) is currently 58.97%.

Several research firms have weighed in on TYPE. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. TheStreet upgraded Monotype Imaging from a “c+” rating to a “b-” rating in a research note on Friday, March 8th. BidaskClub upgraded Monotype Imaging from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Monotype Imaging presently has a consensus rating of “Hold” and an average price target of $25.50.

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Monotype Imaging Profile

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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Institutional Ownership by Quarter for Monotype Imaging (NASDAQ:TYPE)

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