Nisa Investment Advisors LLC Purchases 28,884 Shares of Match Group, Inc. (NASDAQ:MTCH)

Nisa Investment Advisors LLC lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 94.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,510 shares of the technology company’s stock after buying an additional 28,884 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Match Group were worth $1,947,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Match Group in the 3rd quarter worth approximately $31,000. Quarry LP boosted its stake in Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after purchasing an additional 461 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Match Group during the 3rd quarter valued at approximately $57,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity at Match Group

In other news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total transaction of $25,319.61. Following the transaction, the director now directly owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MTCH has been the subject of several research analyst reports. Bank of America raised their target price on shares of Match Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $33.00 target price (down from $40.00) on shares of Match Group in a report on Wednesday, December 18th. Stifel Nicolaus dropped their price target on Match Group from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Thursday, December 12th. Evercore ISI reduced their price objective on Match Group from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, December 13th. Finally, StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Match Group Stock Up 2.4 %

MTCH stock opened at $34.06 on Monday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $39.91. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.00 and a beta of 1.45. The business’s fifty day simple moving average is $32.35 and its two-hundred day simple moving average is $34.55.

Match Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to purchase up to 19% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, January 6th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.23%. The ex-dividend date was Monday, January 6th. Match Group’s dividend payout ratio is presently 33.93%.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.