Nationwide Fund Advisors Acquires 1,044 Shares of Monotype Imaging Holdings Inc. (TYPE)

Nationwide Fund Advisors raised its position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 44,034 shares of the software maker’s stock after buying an additional 1,044 shares during the period. Nationwide Fund Advisors’ holdings in Monotype Imaging Holdings were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TYPE. Teachers Advisors LLC boosted its stake in shares of Monotype Imaging Holdings by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 73,554 shares of the software maker’s stock worth $1,460,000 after buying an additional 1,379 shares during the last quarter. Norges Bank purchased a new stake in shares of Monotype Imaging Holdings during the fourth quarter worth approximately $8,858,000. Numeric Investors LLC boosted its stake in shares of Monotype Imaging Holdings by 363.6% in the fourth quarter. Numeric Investors LLC now owns 63,980 shares of the software maker’s stock worth $1,270,000 after buying an additional 50,180 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Monotype Imaging Holdings by 355.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 94,970 shares of the software maker’s stock worth $1,885,000 after buying an additional 74,110 shares during the last quarter. Finally, Princeton Portfolio Strategies Group LLC purchased a new stake in shares of Monotype Imaging Holdings during the fourth quarter worth approximately $204,000. 91.67% of the stock is owned by institutional investors.

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

Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 19.00 on Friday. The firm has a market cap of $750.04 million, a PE ratio of 94.53 and a beta of 1.02. Monotype Imaging Holdings Inc. has a 52 week low of $17.31 and a 52 week high of $25.37. The stock’s 50 day moving average is $19.47 and its 200-day moving average is $20.28.

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, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $53.95 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Monotype Imaging Holdings Inc. will post $0.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Monday, July 3rd will be paid 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 dividend payout ratio (DPR) is presently 225.01%.

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TYPE has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, February 25th. B. Riley cut shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research note on Monday, May 1st.

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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