Acadian Asset Management LLC Grows Position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE)

Acadian Asset Management LLC lifted its holdings in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 454.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,279 shares of the software maker’s stock after purchasing an additional 51,056 shares during the quarter. Acadian Asset Management LLC owned 0.15% of Monotype Imaging worth $1,238,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Monotype Imaging by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 164,265 shares of the software maker’s stock worth $3,318,000 after purchasing an additional 16,191 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Monotype Imaging by 4.7% in the 4th quarter. Arizona State Retirement System now owns 63,974 shares of the software maker’s stock worth $993,000 after buying an additional 2,896 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Monotype Imaging by 234.3% in the 4th quarter. Advisors Asset Management Inc. now owns 15,959 shares of the software maker’s stock worth $248,000 after acquiring an additional 11,185 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Monotype Imaging by 20.3% in the 4th quarter. Rhumbline Advisers now owns 119,398 shares of the software maker’s stock worth $1,853,000 after acquiring an additional 20,162 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Monotype Imaging in the 4th quarter worth about $389,000. Institutional investors and hedge funds own 89.24% of the company’s stock.

Shares of Monotype Imaging stock traded up $0.15 on Friday, reaching $16.84. The stock had a trading volume of 590,789 shares, compared to its average volume of 277,205. The firm’s 50 day moving average price is $16.65. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.22. Monotype Imaging Holdings Inc. has a 1 year low of $15.29 and a 1 year high of $22.30. The stock has a market cap of $695.07 million, a PE ratio of 21.59 and a beta of 0.99.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, April 26th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $51.36 million for the quarter, compared to the consensus estimate of $57.84 million. Monotype Imaging had a net margin of 6.54% and a return on equity of 9.44%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. As a group, equities research analysts anticipate that Monotype Imaging Holdings Inc. will post 0.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, July 1st will be given a dividend of $0.116 per share. This represents a $0.46 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, June 28th. Monotype Imaging’s dividend payout ratio is presently 58.97%.

In other Monotype Imaging news, EVP Benjamin W.L. Semmes III sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.00, for a total transaction of $168,000.00. Following the sale, the executive vice president now owns 170,820 shares of the company’s stock, valued at approximately $3,587,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on TYPE shares. TheStreet upgraded shares of Monotype Imaging from a “c+” rating to a “b-” rating in a report on Friday, March 8th. BidaskClub raised shares of Monotype Imaging from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. set a $20.00 target price on shares of Monotype Imaging and gave the company a “hold” rating in a research report on Friday, April 26th. ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, B. Riley reaffirmed a “neutral” rating and issued a $17.50 price objective (down previously from $26.00) on shares of Monotype Imaging in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.17.

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.

See Also: What does a hold rating mean?

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

Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.