Match Group Inc. $MTCH Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its stake in Match Group Inc. (NASDAQ:MTCH) by 67.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,287 shares of the technology company’s stock after selling 183,628 shares during the quarter. Public Sector Pension Investment Board’s holdings in Match Group were worth $3,083,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MTCH. Harbor Capital Advisors Inc. acquired a new position in shares of Match Group during the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Match Group during the third quarter worth about $27,000. Employees Retirement System of Texas acquired a new position in Match Group in the 2nd quarter valued at about $28,000. Caldwell Trust Co purchased a new stake in shares of Match Group in the 2nd quarter valued at approximately $32,000. Finally, Quent Capital LLC acquired a new stake in shares of Match Group during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTCH. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price target on shares of Match Group in a report on Wednesday, December 10th. UBS Group set a $34.00 price objective on shares of Match Group in a report on Wednesday, February 4th. Finally, Morgan Stanley set a $35.00 target price on shares of Match Group in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Match Group presently has a consensus rating of “Hold” and an average target price of $35.86.

Match Group Trading Up 3.7%

MTCH stock opened at $31.83 on Friday. The company has a market capitalization of $7.51 billion, a PE ratio of 13.37, a P/E/G ratio of 0.61 and a beta of 1.32. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The business’s fifty day moving average price is $31.72 and its 200 day moving average price is $33.73.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). The firm had revenue of $878.01 million for the quarter, compared to analysts’ expectations of $872.86 million. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. Research analysts predict that Match Group Inc. will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 7th. Match Group’s dividend payout ratio (DPR) is presently 31.93%.

Match Group Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.