Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was the target of a large drop in short interest in the month of December. As of December 29th, there was short interest totalling 801,949 shares, a drop of 35.5% from the December 15th total of 1,243,371 shares. Based on an average daily volume of 151,394 shares, the days-to-cover ratio is presently 5.3 days. Currently, 2.0% of the company’s stock are short sold.

Shares of Monotype Imaging (NASDAQ:TYPE) opened at $24.95 on Thursday. Monotype Imaging has a 52-week low of $15.75 and a 52-week high of $25.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43. The stock has a market cap of $1,053.79, a price-to-earnings ratio of 132.90, a P/E/G ratio of 3.74 and a beta of 1.01.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. The firm had revenue of $60.50 million for the quarter, compared to the consensus estimate of $59.35 million. Monotype Imaging had a net margin of 0.06% and a return on equity of 2.47%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. equities analysts forecast that Monotype Imaging will post 0.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, December 29th.

In related news, VP Janet M. Dunlap sold 8,063 shares of Monotype Imaging stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total value of $201,575.00. Following the completion of the sale, the vice president now owns 92,913 shares of the company’s stock, valued at approximately $2,322,825. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Janet M. Dunlap sold 2,000 shares of Monotype Imaging stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer now directly owns 90,008 shares of the company’s stock, valued at approximately $2,250,200. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. boosted its holdings in Monotype Imaging by 2.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after acquiring an additional 131 shares during the last quarter. Advisor Group Inc. boosted its holdings in Monotype Imaging by 85.7% during the 2nd quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock worth $127,000 after acquiring an additional 3,222 shares during the last quarter. Menta Capital LLC purchased a new position in Monotype Imaging during the 2nd quarter worth $197,000. BNP Paribas Arbitrage SA boosted its holdings in Monotype Imaging by 57.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,474 shares of the software maker’s stock worth $247,000 after acquiring an additional 4,905 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Monotype Imaging by 58.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,700 shares of the software maker’s stock worth $302,000 after acquiring an additional 5,810 shares during the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on TYPE. B. Riley lifted their price target on shares of Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. BidaskClub downgraded shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. downgraded shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company. in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.17.

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Monotype Imaging 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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