Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Receives $18.75 Consensus PT from Analysts

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.75.

Several analysts have recently issued reports on the stock. TheStreet lowered shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. B. Riley reiterated a “buy” rating on shares of Insight Enterprises in a research report on Monday, April 29th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th.

TYPE stock traded up $0.26 during midday trading on Friday, hitting $17.29. 111,768 shares of the stock traded hands, compared to its average volume of 279,947. The firm has a market capitalization of $704.59 million, a price-to-earnings ratio of 22.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.32 and a current ratio of 2.32. The company’s fifty day moving average is $16.73. Monotype Imaging has a 1-year low of $15.29 and a 1-year high of $22.30.

Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings results on Friday, April 26th. The software maker reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.06. Monotype Imaging had a net margin of 6.54% and a return on equity of 9.44%. The company had revenue of $51.36 million for the quarter, compared to analyst estimates of $57.84 million. During the same quarter last year, the business earned $0.22 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Sell-side analysts anticipate that Monotype Imaging will post 0.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, July 1st will be given a $0.116 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.46 annualized dividend and a dividend yield of 2.68%. Monotype Imaging’s dividend payout ratio (DPR) is 58.97%.

In related news, EVP Benjamin W.L. Semmes III sold 8,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.00, for a total transaction of $168,000.00. Following the transaction, the executive vice president now directly owns 170,820 shares in the company, valued at $3,587,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TYPE. Rhumbline Advisers raised its holdings in shares of Monotype Imaging by 20.3% during the 4th quarter. Rhumbline Advisers now owns 119,398 shares of the software maker’s stock worth $1,853,000 after buying an additional 20,162 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Monotype Imaging during the 4th quarter worth $245,000. Prudential Financial Inc. grew its position in Monotype Imaging by 8.7% during the 4th quarter. Prudential Financial Inc. now owns 241,538 shares of the software maker’s stock worth $3,749,000 after acquiring an additional 19,298 shares during the last quarter. California Public Employees Retirement System grew its position in Monotype Imaging by 55.4% during the 4th quarter. California Public Employees Retirement System now owns 67,689 shares of the software maker’s stock worth $1,051,000 after acquiring an additional 24,134 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Monotype Imaging by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 633,144 shares of the software maker’s stock worth $9,826,000 after acquiring an additional 7,488 shares during the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.

Monotype Imaging Company Profile

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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