News articles about Monotype Imaging Holdings (NASDAQ:TYPE) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monotype Imaging Holdings earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 46.5826771935351 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Monotype Imaging Holdings (TYPE) opened at 19.00 on Friday. The firm has a market capitalization of $753.48 million, a price-to-earnings ratio of 655.17 and a beta of 0.92. Monotype Imaging Holdings has a 12 month low of $15.75 and a 12 month high of $24.45. The stock’s 50 day moving average is $18.61 and its 200-day moving average is $19.81.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $58.70 million for the quarter, compared to analyst estimates of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Equities analysts anticipate that Monotype Imaging Holdings will post $0.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Monday, October 2nd will be issued 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 Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio (DPR) is presently 1,500.50%.
A number of equities analysts have commented on TYPE shares. B. Riley lowered shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, May 1st. BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th.
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In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.60, for a total transaction of $27,900.00. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $542,004. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.
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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