Victory Capital Management Inc. Acquires 1,605 Shares of Monotype Imaging Holdings Inc. (TYPE)

Victory Capital Management Inc. increased its holdings in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,472 shares of the software maker’s stock after acquiring an additional 1,605 shares during the period. Victory Capital Management Inc. owned about 0.05% of Monotype Imaging Holdings worth $393,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in shares of Monotype Imaging Holdings by 3.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 58,253 shares of the software maker’s stock valued at $1,168,000 after acquiring an additional 1,891 shares in the last quarter. Trigran Investments Inc. boosted its position in shares of Monotype Imaging Holdings by 42.6% during the 1st quarter. Trigran Investments Inc. now owns 1,389,324 shares of the software maker’s stock valued at $27,925,000 after acquiring an additional 414,746 shares in the last quarter. Swiss National Bank boosted its position in shares of Monotype Imaging Holdings by 5.1% during the 1st quarter. Swiss National Bank now owns 68,500 shares of the software maker’s stock valued at $1,377,000 after acquiring an additional 3,300 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Monotype Imaging Holdings by 6.1% during the 1st quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock valued at $194,000 after acquiring an additional 554 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Monotype Imaging Holdings by 132.6% during the 1st quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock valued at $106,000 after acquiring an additional 3,003 shares in the last quarter. Institutional investors and hedge funds own 90.33% of the company’s stock.

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In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction dated 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 in the company, valued at $542,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 6,000 shares of company stock worth $110,700 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

TYPE has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, August 21st. BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, B. Riley reiterated a “neutral” rating and set a $20.00 target price on shares of Monotype Imaging Holdings in a research report on Saturday, August 5th. Five analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has an average rating of “Hold” and a consensus price target of $20.50.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 18.95 on Wednesday. The company’s 50-day moving average is $18.87 and its 200 day moving average is $19.22. Monotype Imaging Holdings Inc. has a one year low of $15.75 and a one year high of $24.45. The company has a market capitalization of $751.50 million, a P/E ratio of 653.45 and a beta of 0.93.

Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings data on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $58.70 million for the quarter, compared to the consensus estimate of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts predict that Monotype Imaging Holdings Inc. will post $0.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.113 per share. The ex-dividend date is Friday, September 29th. This represents a $0.45 dividend on an annualized basis and a yield of 2.39%. Monotype Imaging Holdings’s payout ratio is 1,500.50%.

Monotype Imaging Holdings Company Profile

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

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