Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $31.00.
Several equities analysts have commented on TYPE shares. Zacks Investment Research downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. BidaskClub upgraded Monotype Imaging from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. TheStreet upgraded Monotype Imaging from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. Finally, ValuEngine downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Monday, January 7th.
Several hedge funds have recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Monotype Imaging by 2.6% in the fourth quarter. Texas Permanent School Fund now owns 27,185 shares of the software maker’s stock valued at $422,000 after buying an additional 693 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Monotype Imaging in the fourth quarter valued at about $37,000. Arizona State Retirement System increased its stake in shares of Monotype Imaging by 4.7% in the fourth 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 period. Pearl River Capital LLC acquired a new stake in shares of Monotype Imaging in the fourth quarter valued at about $53,000. Finally, Deutsche Bank AG grew its stake in Monotype Imaging by 4.5% during the fourth quarter. Deutsche Bank AG now owns 116,650 shares of the software maker’s stock worth $1,808,000 after purchasing an additional 4,997 shares during the period. 91.82% of the stock is owned by institutional investors.
Monotype Imaging (NASDAQ:TYPE) last posted its earnings results on Friday, February 15th. The software maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.23 by $0.22. The firm 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 business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, research analysts anticipate that Monotype Imaging will post 0.91 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, April 1st were paid a $0.116 dividend. The ex-dividend date was Friday, March 29th. This represents a $0.46 annualized dividend and a dividend yield of 2.28%. Monotype Imaging’s payout ratio is 58.97%.
Monotype Imaging Company 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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