This week, I'm looking for the fourth technology representative of six for my Ivy portfolio.

The technology sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, and information technology and services, to internet, scientific instruments, software, solar and all such technological enterprises.

Today I'm reviewing a small-cap software-application company named Monotype Imaging Holdings Inc. Its trading ticker symbol is TYPE. 

I last reported on this company on November 8, 2018

Monotype Imaging Holdings Inc is a provider of typeface, technology, and expertise for creative applications and consumer devices.

Its business is organized in two units with one serving creative professionals, and the other serving original equipment manufacturers. The former helps customers provide branded or personalized content across multiple devices and mediums. The latter provides manufacturers and software vendors solutions to deliver consistent user experiences.

The company derives revenue from licenses and per-unit royalties. A majority of the firm's revenue is generated in the United States, and the rest in the United Kingdom, Germany, Japan, and the rest of Asia.

Monotype Imaging Holdings Inc. is headquartered in Woburn, Massachusetts.

I use three key data points to gauge the value of any dividend equity-like Monotype Imaging Holdings Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

TYPE Price

Monotype's price per share closed at $16.99 yesterday. A year ago its price was $21.50. Price dropped $4.51 or 21% in the past year.

Assuming Monotype's stock trades in the range of $14.00 to $24.00 this year, Monotype's recent $16.99 price could rise by $2.01 and go to $19.00 by early May 2020.

TYPE Dividends

Monotype's most recent declared quarterly dividend was $0.116  declared April 26th  and payable, July 19th, yesterday.

a $0.116 Q dividend equates to an annual payout of $0.46 for a yield of 2.73% at yesterday's $16.99 closing price.

Gains For TYPE?

Adding a $0.46 annual estimated dividend to my $2.01 estimate of Monotype's price upside shows a $2.47 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we pay a little over $1,000.00 today at the $16.99 recent stock price would buy us 59 Monotype Imaging Holdings Inc shares.

A $10 broker fee paid half at purchase and half at sale will cost us $0.17 per share.

Subtract that $0.17 brokerage cost from the estimated $2.47 gross annual gain leaves a net gain of $2.30 X 59 shares

= $135.70 or a 13.5% net gain on a $1,002.41 investment.

Therefore, Monotype Imaging Holdings Inc, whose trading ticker symbol is TYPE, now shows a possible net gain of  13.5% including a 2.73% dividend yield.

Four brokers cover this stock:

One says "buy" TYPE.

One says TYPE will "outperform".

Two say "hold" type.

The consensus score is 2.25 or "outperform".

Therefore, you can look at Monotype Imaging Holdings Inc and see it has made money, is making money, and could net 13.5% gains including a 2.73% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Monotype Imaging Holdings Inc is worth your time and money.