Bahl & Gaynor Inc. Acquires 60,524 Shares of Monotype Imaging Holdings Inc. (TYPE)

Bahl & Gaynor Inc. boosted its holdings in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 80.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,023 shares of the software maker’s stock after buying an additional 60,524 shares during the quarter. Bahl & Gaynor Inc. owned 0.33% of Monotype Imaging worth $2,748,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in Monotype Imaging by 3.4% during the 3rd quarter. BlackRock Inc. now owns 6,020,209 shares of the software maker’s stock worth $121,608,000 after acquiring an additional 200,270 shares during the last quarter. Martingale Asset Management L P lifted its position in Monotype Imaging by 11.4% during the 3rd quarter. Martingale Asset Management L P now owns 151,234 shares of the software maker’s stock worth $3,055,000 after acquiring an additional 15,514 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Monotype Imaging by 7.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 625,656 shares of the software maker’s stock worth $12,639,000 after acquiring an additional 42,740 shares during the last quarter. AXA acquired a new position in Monotype Imaging during the 3rd quarter worth $283,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Monotype Imaging during the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 93.28% of the company’s stock.

NASDAQ:TYPE opened at $17.12 on Friday. Monotype Imaging Holdings Inc. has a 52-week low of $16.78 and a 52-week high of $26.75. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.24. The stock has a market cap of $715.78 million, a PE ratio of 32.30 and a beta of 1.08.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. Monotype Imaging had a net margin of 6.02% and a return on equity of 10.00%. The company had revenue of $58.00 million for the quarter, compared to the consensus estimate of $59.65 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that Monotype Imaging Holdings Inc. will post 0.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.46 annualized dividend and a dividend yield of 2.71%. Monotype Imaging’s payout ratio is 86.79%.

Several research firms have recently issued reports on TYPE. BidaskClub upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley set a $31.00 price objective on shares of Monotype Imaging and gave the stock a “buy” rating in a report on Thursday, September 20th. ValuEngine downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.

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Monotype Imaging 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.

Further Reading: Beta

Institutional Ownership by Quarter for Monotype Imaging (NASDAQ:TYPE)

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