IFM Investors Pty Ltd Grows Stock Holdings in Match Group Inc. (NASDAQ:MTCH)

IFM Investors Pty Ltd lifted its position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,058 shares of the technology company's stock after purchasing an additional 8,725 shares during the quarter. IFM Investors Pty Ltd's holdings in Match Group were worth $1,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Match Group in the first quarter valued at about $37,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Match Group in the 4th quarter valued at approximately $43,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Match Group by 30,240.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after acquiring an additional 1,512 shares during the period. Mather Group LLC. raised its stake in shares of Match Group by 130.1% in the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after acquiring an additional 1,434 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Performance

Match Group stock traded up $0.43 during trading hours on Wednesday, reaching $32.87. 2,458,325 shares of the stock were exchanged, compared to its average volume of 4,819,714. The stock has a market cap of $8.23 billion, a P/E ratio of 16.27, a P/E/G ratio of 0.70 and a beta of 1.34. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $38.84. The firm's 50 day moving average is $30.43 and its 200 day moving average is $31.37.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Insider Activity at Match Group

In other Match Group news, CEO Spencer M. Rascoff bought 70,885 shares of the company's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the acquisition, the chief executive officer owned 137,478 shares of the company's stock, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MTCH shares. Evercore ISI reiterated a "cautious" rating and set a $32.00 price target on shares of Match Group in a report on Wednesday, May 21st. Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. UBS Group lowered their price target on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Citigroup lowered their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Barclays lowered their price target on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $35.96.

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.