Robeco Institutional Asset Management B.V. grew its position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 100.0% in the 3rd quarter, Holdings Channel reports. The firm owned 22,984 shares of the software maker’s stock after acquiring an additional 11,492 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Monotype Imaging were worth $465,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new stake in Monotype Imaging during the second quarter worth about $199,000. Xact Kapitalforvaltning AB bought a new stake in Monotype Imaging during the first quarter worth about $231,000. Fox Run Management L.L.C. bought a new stake in Monotype Imaging during the second quarter worth about $213,000. Russell Investments Group Ltd. bought a new stake in Monotype Imaging during the first quarter worth about $262,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Monotype Imaging during the second quarter worth about $290,000. 88.56% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TYPE opened at $18.54 on Thursday. Monotype Imaging Holdings Inc. has a 1-year low of $17.27 and a 1-year high of $26.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.62 and a quick ratio of 2.69. The stock has a market capitalization of $750.26 million, a PE ratio of 22.30 and a beta of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Wednesday, January 2nd will be paid a $0.116 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, December 31st. Monotype Imaging’s dividend payout ratio (DPR) is presently 86.79%.
TYPE has been the subject of several research analyst reports. B. Riley set a $31.00 price target on Monotype Imaging and gave the stock a “buy” rating in a research note on Tuesday, October 30th. BidaskClub raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. JPMorgan Chase & Co. raised Monotype Imaging from an “underweight” rating to a “neutral” rating in a research note on Friday, November 2nd. Finally, ValuEngine lowered Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.
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About Monotype Imaging
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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