Focus Partners Advisor Solutions LLC Makes New Investment in Match Group Inc. $MTCH

Key Points

• Focus Partners Advisor Solutions LLC acquired 35,540 shares of Match Group (MTCH) in Q3 valued at about $1.214 million, and institutional/hedge funds now own roughly 94.05% of the stock.
• Match Group reported $0.83 EPS for the quarter, missing the $1.00 consensus while revenue of $878.01M slightly beat estimates; analysts hold a consensus "Hold" rating with a $35.86 price target.
• The company raised its quarterly dividend to $0.20 (annualized $0.80) for a ~2.6% yield with an ex-dividend date of April 7, and the stock recently traded around $30.47 (12‑month range $26.39–$39.20).

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 35,540 shares of the technology company's stock, valued at approximately $1,214,000.

A number of other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Match Group during the 3rd quarter worth $25,000. Root Financial Partners LLC purchased a new position in Match Group in the 3rd quarter valued at about $27,000. Employees Retirement System of Texas purchased a new position in Match Group in the 2nd quarter valued at about $28,000. Rossby Financial LCC grew its stake in shares of Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company's stock valued at $31,000 after acquiring an additional 506 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of Match Group during the second quarter valued at about $32,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MTCH shares. UBS Group set a $34.00 price target on Match Group in a research note on Wednesday, February 4th. Weiss Ratings restated a "hold (c)" rating on shares of Match Group in a research note on Thursday, January 22nd. Morgan Stanley set a $35.00 price objective on Match Group in a report on Wednesday, February 4th. Raymond James Financial reaffirmed a "market perform" rating on shares of Match Group in a research report on Wednesday, December 10th. Finally, Wall Street Zen upgraded Match Group from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $35.86.

Match Group Price Performance

Shares of MTCH stock opened at $30.47 on Friday. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.30. The business has a 50 day simple moving average of $31.42 and a 200 day simple moving average of $33.33.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The business had revenue of $878.01 million for the quarter, compared to the consensus estimate of $872.86 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm's revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Match Group Inc. will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Match Group's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group's dividend payout ratio is 31.93%.

Match Group Company 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.

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