Falcon Point Capital buys $7,389,443 stake in Monotype Imaging Holdings (TYPE)

Monotype Imaging Holdings (TYPE) : Falcon Point Capital scooped up 5,493 additional shares in Monotype Imaging Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 388,101 shares of Monotype Imaging Holdings which is valued at $7,389,443.Monotype Imaging Holdings makes up approximately 1.24% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in TYPE in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 36,100 shares of Monotype Imaging Holdings which is valued at $687,344.Capstone Asset Management Co boosted its stake in TYPE in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 11,963 shares of Monotype Imaging Holdings which is valued at $300,511. Monotype Imaging Holdings makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TYPE in the latest quarter, The investment management firm added 7,048 additional shares and now holds a total of 12,834 shares of Monotype Imaging Holdings which is valued at $310,583.

Monotype Imaging Holdings opened for trading at $19.14 and hit $19.81 on the upside on Friday, eventually ending the session at $19.79, with a gain of 3.78% or 0.72 points. The heightened volatility saw the trading volume jump to 5,93,841 shares. Company has a market cap of $808 M.

On the company’s financial health, Monotype Imaging Holdings reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.24. The company had revenue of $48.70 million for the quarter, compared to analysts expectations of $48.90 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Monotype Imaging Holdings. Ladenburg Thalmann Initiated Monotype Imaging Holdings on May 25, 2016 to “Buy”, Price Target of the shares are set at $29.

Monotype Imaging Holdings Inc. (Monotype) is a provider of type and technology for applications and consumer devices. The Company is engaged in the development marketing and licensing of technologies and fonts. Its business is organized as follows: Creative Professional and original equipment manufacturer (OEM). For the Creative Professional market it provides content across various devices and mediums. It offers products such as Type which include Monotype Libraries Monotype Linotype FontFont ITC Ascender and Bitstream collections; E-commerce Websites; Fonts.com Web Fonts service and font solutions. For the OEM market it offers solutions for consumer device manufacturers and independent software vendors (ISVs). It offers technologies such as screen imaging technologies printer imaging technologies creative tools cloud-based technology platform and font management.

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