Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,170,000 shares, a growth of 21.0% from the August 30th total of 966,600 shares. Based on an average trading volume of 531,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.9% of the company’s stock are short sold.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Monotype Imaging by 1.3% in the second quarter. BlackRock Inc. now owns 6,171,996 shares of the software maker’s stock worth $103,937,000 after buying an additional 80,783 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Monotype Imaging in the second quarter worth approximately $267,000. Summit Global Investments lifted its stake in shares of Monotype Imaging by 3.6% in the first quarter. Summit Global Investments now owns 42,800 shares of the software maker’s stock worth $851,000 after buying an additional 1,500 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Monotype Imaging by 253.4% in the second quarter. Acadian Asset Management LLC now owns 220,072 shares of the software maker’s stock worth $3,707,000 after buying an additional 157,793 shares in the last quarter. Finally, Aperio Group LLC bought a new position in shares of Monotype Imaging in the second quarter worth approximately $197,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Several equities research analysts recently commented on the stock. Dougherty & Co lowered shares of Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Zacks Investment Research lowered shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, BidaskClub lowered shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.83.

NASDAQ:TYPE remained flat at $$19.84 during mid-day trading on Monday. Monotype Imaging has a 12-month low of $15.29 and a 12-month high of $21.09. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $19.80 and a two-hundred day moving average of $18.56. The company has a market capitalization of $819.79 million, a PE ratio of 25.44, a PEG ratio of 1.30 and a beta of 1.01.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, July 26th. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.19 by $0.19. Monotype Imaging had a net margin of 10.28% and a return on equity of 10.65%. The business had revenue of $63.24 million for the quarter, compared to analyst estimates of $57.35 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Monotype Imaging’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that Monotype Imaging will post 1.02 EPS for the current fiscal year.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.

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