Yousif Capital Management LLC Sells 1,336 Shares of Match Group, Inc. (NASDAQ:MTCH)

Yousif Capital Management LLC reduced its stake in Match Group, Inc. (NASDAQ:MTCH) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,915 shares of the technology company’s stock after selling 1,336 shares during the period. Yousif Capital Management LLC’s holdings in Match Group were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of Match Group by 2.3% in the third quarter. State Street Corp now owns 17,672,611 shares of the technology company’s stock valued at $668,732,000 after buying an additional 391,977 shares during the period. Starboard Value LP acquired a new position in Match Group during the third quarter valued at approximately $361,605,000. Pacer Advisors Inc. raised its position in Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company’s stock valued at $211,818,000 after purchasing an additional 939,078 shares in the last quarter. FMR LLC raised its position in Match Group by 10.4% during the third quarter. FMR LLC now owns 5,540,916 shares of the technology company’s stock valued at $209,668,000 after purchasing an additional 524,144 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Match Group by 56.8% during the fourth quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company’s stock valued at $78,733,000 after purchasing an additional 866,026 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTCH has been the subject of several research analyst reports. HSBC downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. UBS Group lowered their price objective on shares of Match Group from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price objective on shares of Match Group in a research report on Monday, December 9th. Finally, Truist Financial lowered their price target on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, December 12th. Sixteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.68.

Match Group Trading Up 2.0 %

Shares of MTCH opened at $34.69 on Friday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The firm’s fifty day simple moving average is $33.09 and its two-hundred day simple moving average is $34.67. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $38.84.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. As a group, research analysts predict that Match Group, Inc. will post 2.49 EPS for the current fiscal year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.19%. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Match Group declared that its board has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Match Group

In other news, Director Stephen Bailey sold 801 shares of the stock in a transaction dated 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 owns 12,398 shares of the company’s stock, valued at $391,900.78. This represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.77% of the company’s stock.

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.