Monotype Imaging (NASDAQ:TYPE) released its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.04 by $0.31, Morningstar.com reports. The company had revenue of $65.02 million for the quarter, compared to analysts’ expectations of $62.45 million. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. Monotype Imaging’s revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Monotype Imaging updated its Q1 guidance to $0.10-0.15 EPS and its FY18 guidance to $0.76-0.87 EPS.
Shares of Monotype Imaging (NASDAQ TYPE) opened at $24.80 on Tuesday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.28. Monotype Imaging has a 12 month low of $15.75 and a 12 month high of $26.75. The stock has a market capitalization of $1,024.47, a P/E ratio of 52.45, a price-to-earnings-growth ratio of 3.29 and a beta of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Monday, April 2nd will be paid a $0.116 dividend. This is an increase from Monotype Imaging’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.46 dividend on an annualized basis and a yield of 1.87%. Monotype Imaging’s payout ratio is presently 166.67%.
In other news, CAO Janet M. Dunlap sold 2,000 shares of Monotype Imaging stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer now owns 90,008 shares in the company, valued at approximately $2,250,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Janet M. Dunlap sold 1,187 shares of Monotype Imaging stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $25.00, for a total value of $29,675.00. Following the completion of the transaction, the chief accounting officer now owns 88,821 shares of the company’s stock, valued at approximately $2,220,525. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in Monotype Imaging by 8.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 59,867 shares of the software maker’s stock valued at $1,096,000 after acquiring an additional 4,871 shares during the period. Citadel Advisors LLC raised its position in Monotype Imaging by 64.4% during the 3rd quarter. Citadel Advisors LLC now owns 201,913 shares of the software maker’s stock valued at $3,887,000 after purchasing an additional 79,105 shares in the last quarter. BlackRock Inc. raised its position in Monotype Imaging by 0.6% during the 2nd quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock valued at $90,506,000 after purchasing an additional 28,680 shares in the last quarter. Vanguard Group Inc. raised its position in Monotype Imaging by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock valued at $68,777,000 after purchasing an additional 74,910 shares in the last quarter. Finally, Scoggin Management LP bought a new stake in Monotype Imaging during the 3rd quarter valued at $3,465,000. Institutional investors own 93.41% of the company’s stock.
Several research analysts have recently commented on the company. TheStreet raised Monotype Imaging from a “c” rating to a “b” rating in a research note on Friday, February 16th. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. B. Riley raised Monotype Imaging from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $24.50 to $31.00 in a research note on Tuesday, February 20th. BidaskClub downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. downgraded Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Monotype Imaging currently has a consensus rating of “Hold” and a consensus target price of $27.33.
About Monotype Imaging
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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