Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 990,455 shares, a drop of 24.2% from the May 15th total of 1,306,309 shares. Based on an average trading volume of 126,204 shares, the days-to-cover ratio is currently 7.8 days. Approximately 2.4% of the company’s stock are sold short.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TYPE. GSA Capital Partners LLP increased its position in Monotype Imaging Holdings by 112.0% in the fourth quarter. GSA Capital Partners LLP now owns 70,400 shares of the software maker’s stock worth $1,397,000 after buying an additional 37,200 shares in the last quarter. State Street Corp increased its position in Monotype Imaging Holdings by 10.4% in the fourth quarter. State Street Corp now owns 1,041,374 shares of the software maker’s stock worth $20,675,000 after buying an additional 98,446 shares in the last quarter. Princeton Portfolio Strategies Group LLC purchased a new position in Monotype Imaging Holdings during the fourth quarter worth about $204,000. WCM Investment Management CA increased its position in Monotype Imaging Holdings by 7.6% in the first quarter. WCM Investment Management CA now owns 55,259 shares of the software maker’s stock worth $1,111,000 after buying an additional 3,895 shares in the last quarter. Finally, Comerica Bank increased its position in Monotype Imaging Holdings by 6.0% in the fourth quarter. Comerica Bank now owns 45,274 shares of the software maker’s stock worth $971,000 after buying an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.
Shares of Monotype Imaging Holdings (NASDAQ TYPE) opened at 19.00 on Friday. Monotype Imaging Holdings has a 12-month low of $17.31 and a 12-month high of $25.37. The firm has a market cap of $750.04 million, a P/E ratio of 94.53 and a beta of 1.02. The company’s 50 day moving average price is $19.47 and its 200-day moving average price is $20.28.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Friday, April 28th. The software maker reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Monotype Imaging Holdings had a return on equity of 5.66% and a net margin of 4.00%. The business had revenue of $52.50 million for the quarter, compared to the consensus estimate of $53.95 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Monotype Imaging Holdings will post $0.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Monday, July 3rd will be paid a dividend of $0.113 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.45 dividend on an annualized basis and a yield of 2.38%. Monotype Imaging Holdings’s dividend payout ratio is presently 225.01%.
Several equities research analysts have weighed in on the company. B. Riley reissued a “buy” rating and issued a $22.50 price target on shares of Monotype Imaging Holdings in a report on Tuesday, February 21st. Zacks Investment Research raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th.
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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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