State Board of Administration of Florida Retirement System held its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) during the first quarter, Holdings Channel reports. The firm owned 32,149 shares of the software maker’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Monotype Imaging Holdings were worth $646,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in TYPE. Bank of Montreal Can raised its stake in Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock worth $106,000 after buying an additional 3,003 shares in the last quarter. First Republic Investment Management Inc. raised its stake in Monotype Imaging Holdings by 9.2% in the fourth quarter. First Republic Investment Management Inc. now owns 12,130 shares of the software maker’s stock worth $240,000 after buying an additional 1,022 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Monotype Imaging Holdings by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the software maker’s stock worth $338,000 after buying an additional 100 shares in the last quarter. Nationwide Fund Advisors raised its stake in Monotype Imaging Holdings by 2.4% in the first quarter. Nationwide Fund Advisors now owns 44,034 shares of the software maker’s stock worth $885,000 after buying an additional 1,044 shares in the last quarter. Finally, Stoneridge Investment Partners LLC raised its stake in Monotype Imaging Holdings by 24.5% in the first quarter. Stoneridge Investment Partners LLC now owns 44,089 shares of the software maker’s stock worth $886,000 after buying an additional 8,663 shares in the last quarter. Institutional investors and hedge funds own 91.67% of the company’s stock.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 19.00 on Friday. Monotype Imaging Holdings Inc. has a 1-year low of $17.31 and a 1-year high of $25.37. The firm’s 50-day moving average is $19.43 and its 200-day moving average is $20.28. The company has a market capitalization of $750.04 million, a price-to-earnings ratio of 94.53 and a beta of 1.02.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings results on Friday, April 28th. The software maker reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business had revenue of $52.50 million during the quarter, compared to analyst estimates of $53.95 million. Monotype Imaging Holdings had a net margin of 4.00% and a return on equity of 5.66%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. Analysts forecast that Monotype Imaging Holdings Inc. will post $0.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Monday, July 3rd will be given a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, June 29th. Monotype Imaging Holdings’s payout ratio is 225.01%.
A number of analysts have weighed in on TYPE shares. B. Riley restated a “buy” rating and set a $22.50 price objective on shares of Monotype Imaging Holdings in a research note on Sunday, February 26th. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th.
About Monotype Imaging Holdings
Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).
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