Neuberger Berman Group LLC cut its holdings in Monotype Imaging (NASDAQ:TYPE) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,464,526 shares of the software maker’s stock after selling 767,096 shares during the period. Neuberger Berman Group LLC owned about 5.84% of Monotype Imaging worth $55,329,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in TYPE. Elkfork Partners LLC purchased a new stake in shares of Monotype Imaging in the 4th quarter worth about $109,000. SG Americas Securities LLC purchased a new stake in shares of Monotype Imaging in the 1st quarter worth about $138,000. Franklin Resources Inc. purchased a new stake in shares of Monotype Imaging in the 4th quarter worth about $200,000. Aperio Group LLC purchased a new stake in shares of Monotype Imaging in the 4th quarter worth about $202,000. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of Monotype Imaging in the 4th quarter worth about $205,000. Institutional investors and hedge funds own 91.45% of the company’s stock.
In related news, EVP Steven R. Martin sold 29,000 shares of the business’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $22.93, for a total value of $664,970.00. Following the completion of the transaction, the executive vice president now owns 145,036 shares of the company’s stock, valued at approximately $3,325,675.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven R. Martin sold 21,943 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $22.17, for a total transaction of $486,476.31. Following the completion of the transaction, the executive vice president now directly owns 116,488 shares of the company’s stock, valued at approximately $2,582,538.96. The disclosure for this sale can be found here. Insiders sold a total of 52,793 shares of company stock valued at $1,192,480 in the last three months. 3.40% of the stock is currently owned by corporate insiders.
Several equities research analysts recently commented on TYPE shares. TheStreet upgraded shares of Monotype Imaging from a “c” rating to a “b” rating in a research report on Friday, February 16th. B. Riley upgraded shares of Monotype Imaging from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $24.50 to $31.00 in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Monotype Imaging from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, February 27th. ValuEngine upgraded shares of Monotype Imaging from a “hold” rating to a “buy” rating in a research report on Thursday, May 3rd. Finally, BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Two investment 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’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.33.
Shares of Monotype Imaging opened at $21.20 on Monday, Marketbeat Ratings reports. Monotype Imaging has a twelve month low of $15.75 and a twelve month high of $26.75. The stock has a market capitalization of $894.09 million, a P/E ratio of 40.00, a PEG ratio of 5.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40.
Monotype Imaging (NASDAQ:TYPE) last announced its earnings results on Friday, April 27th. The software maker reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.17. Monotype Imaging had a net margin of 4.76% and a return on equity of 6.99%. The firm had revenue of $56.68 million during the quarter, compared to the consensus estimate of $54.81 million. During the same quarter in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts expect that Monotype Imaging will post 0.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Monday, July 2nd will be paid a $0.116 dividend. This represents a $0.46 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, June 29th. Monotype Imaging’s payout ratio is 86.79%.
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.
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