21,998 Shares in Match Group Inc. $MTCH Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,998 shares of the technology company’s stock, valued at approximately $837,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Match Group in the 2nd quarter valued at about $1,087,055,000. State Street Corp raised its stake in Match Group by 14.6% during the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after buying an additional 2,461,025 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Match Group by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock worth $385,590,000 after buying an additional 162,330 shares during the last quarter. Starboard Value LP grew its position in shares of Match Group by 2.9% in the 4th quarter. Starboard Value LP now owns 11,395,379 shares of the technology company’s stock worth $367,957,000 after acquiring an additional 325,000 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Match Group by 9.8% in the 4th quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company’s stock valued at $316,422,000 after acquiring an additional 872,524 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Match Group

In other news, Director Glenn Schiffman purchased 3,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the completion of the purchase, the director owned 56,370 shares of the company’s stock, valued at $2,064,833.10. This trade represents a 5.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.

Match Group Stock Performance

Shares of MTCH opened at $40.87 on Monday. The firm has a fifty day moving average of $38.01 and a 200-day moving average of $34.90. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $41.40.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $853.11 million for the quarter, compared to analysts’ expectations of $857.77 million. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. Analysts predict that Match Group Inc. will post 3.31 EPS for the current year.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Monday, October 5th will be given a $0.20 dividend. The ex-dividend date is Monday, October 5th. This represents a $0.80 annualized dividend and a yield of 2.0%. Match Group’s dividend payout ratio is 28.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MTCH shares. Citigroup raised their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Susquehanna reaffirmed a “positive” rating on shares of Match Group in a report on Wednesday, August 5th. Zacks Research raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. TD Cowen cut their target price on shares of Match Group from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Morgan Stanley set a $40.00 target price on Match Group in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.54.

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.