Teachers Retirement System of The State of Kentucky Increases Position in Match Group Inc. $MTCH

Teachers Retirement System of The State of Kentucky increased its holdings in Match Group Inc. (NASDAQ:MTCHFree Report) by 101.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,677 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Match Group were worth $1,219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MTCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Match Group by 6.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,379 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 3,468 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of Match Group during the 1st quarter worth approximately $255,000. Fifth Third Bancorp lifted its position in shares of Match Group by 1,608.1% during the 1st quarter. Fifth Third Bancorp now owns 116,306 shares of the technology company’s stock valued at $3,572,000 after buying an additional 109,497 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Match Group by 13.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,971 shares of the technology company’s stock valued at $368,000 after buying an additional 1,403 shares in the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in Match Group by 6.3% in the 1st quarter. Manning & Napier Advisors LLC now owns 252,287 shares of the technology company’s stock valued at $7,748,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of MTCH opened at $40.11 on Thursday. Match Group Inc. has a one year low of $28.81 and a one year high of $40.17. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.61 and a beta of 1.30. The stock has a 50 day moving average price of $36.33 and a 200 day moving average price of $33.61.

Match Group (NASDAQ:MTCHGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $863.93 million for the quarter, compared to analyst estimates of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that Match Group Inc. will post 3.11 earnings per share for the current year.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio is 30.53%.

Match Group News Summary

Here are the key news stories impacting Match Group this week:

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the subject of several recent analyst reports. Weiss Ratings raised shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Morgan Stanley lifted their target price on shares of Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Piper Sandler set a $51.00 target price on shares of Match Group in a research note on Wednesday, May 6th. TD Cowen upped their price target on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Match Group presently has an average rating of “Hold” and an average target price of $41.29.

Read Our Latest Analysis on MTCH

Match Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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