Match Group Inc. $MTCH Stock Position Lifted by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Match Group Inc. by 10.0%, owning 5,573,084 shares valued at approximately $173.9 million as of the latest filing.
• Match Group's stock has received mixed reviews from analysts, with target prices ranging from $29.00 to $45.00, resulting in a consensus rating of "Hold" and a price target of $35.44.
• The company also announced a quarterly dividend of $0.19 per share, which will be paid on October 17th, showcasing a 2.0% dividend yield.

Fuller & Thaler Asset Management Inc. grew its stake in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,573,084 shares of the technology company's stock after buying an additional 506,763 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 2.23% of Match Group worth $173,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Starboard Value LP raised its holdings in shares of Match Group by 53.4% in the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock worth $479,429,000 after purchasing an additional 5,100,824 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock worth $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Match Group by 64.2% in the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company's stock worth $298,451,000 after purchasing an additional 3,738,509 shares in the last quarter. Nuveen LLC bought a new stake in shares of Match Group in the 1st quarter worth approximately $142,281,000. Finally, First Manhattan CO. LLC. raised its holdings in shares of Match Group by 1.9% in the 4th quarter. First Manhattan CO. LLC. now owns 3,466,894 shares of the technology company's stock worth $113,402,000 after purchasing an additional 63,238 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Stephen Bailey sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $36.72, for a total transaction of $459,000.00. Following the transaction, the director directly owned 8,058 shares of the company's stock, valued at approximately $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTCH. Barclays dropped their target price on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Citigroup dropped their target price on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Susquehanna boosted their target price on shares of Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, UBS Group upped their price target on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Match Group has a consensus rating of "Hold" and a consensus price target of $35.44.

Match Group Price Performance

NASDAQ MTCH traded up $0.51 on Friday, hitting $37.30. 3,880,030 shares of the stock were exchanged, compared to its average volume of 4,776,894. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $39.20. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.73 and a beta of 1.36. The company's 50-day moving average price is $33.53 and its two-hundred day moving average price is $31.75.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.0%. Match Group's payout ratio is presently 37.44%.

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.