Match Group Inc. $MTCH Shares Acquired by Penn Davis Mcfarland Inc.

Key Points

• Penn Davis Mcfarland Inc. increased its stake in Match Group by 9% to 525,373 shares (about $16.96M), representing roughly 0.22% of Match and ~1.6% of Penn Davis’s holdings.
• Match Group missed quarterly EPS ($0.83 vs. $1.00 expected) while revenue slightly beat at $878.0M, and the company raised its quarterly dividend to $0.20 per share (a 2.6% yield).
• Analysts maintain a consensus Hold rating with an average price target of $35.86; shares trade near $31 with a market cap of $7.24B and a 52‑week range of $26.39–$39.20.

Penn Davis Mcfarland Inc. increased its position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 525,373 shares of the technology company's stock after buying an additional 43,313 shares during the period. Match Group comprises approximately 1.6% of Penn Davis Mcfarland Inc.'s holdings, making the stock its 21st biggest holding. Penn Davis Mcfarland Inc. owned about 0.22% of Match Group worth $16,964,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Match Group during the third quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in shares of Match Group in the third quarter worth about $27,000. Advisory Services Network LLC acquired a new position in shares of Match Group in the third quarter worth about $28,000. Rossby Financial LCC boosted its holdings in Match Group by 126.5% in the third quarter. Rossby Financial LCC now owns 906 shares of the technology company's stock valued at $31,000 after purchasing an additional 506 shares during the last quarter. Finally, Caldwell Trust Co purchased a new position in Match Group in the second quarter valued at about $32,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Up 1.4%

Shares of NASDAQ MTCH opened at $31.14 on Thursday. The firm's 50-day moving average price is $30.97 and its two-hundred day moving average price is $32.44. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $39.20. The stock has a market capitalization of $7.24 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.50 and a beta of 1.30.

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

Match Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, April 7th. This is an increase from Match Group's previous quarterly dividend of $0.19. Match Group's dividend payout ratio (DPR) is currently 31.93%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group restated a "neutral" rating on shares of Match Group in a report on Friday, March 13th. JPMorgan Chase & Co. reduced their target price on Match Group from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada reissued an "outperform" rating and set a $37.00 price target on shares of Match Group in a research report on Wednesday, December 10th. Raymond James Financial reaffirmed a "market perform" rating on shares of Match Group in a report on Wednesday, December 10th. Finally, Wolfe Research set a $43.00 price objective on shares of Match Group and gave the company an "outperform" rating in a research note on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Match Group presently has a consensus rating of "Hold" and an average price target of $35.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.