Teacher Retirement System of Texas Decreases Stock Holdings in Match Group Inc. (NASDAQ:MTCH)

Teacher Retirement System of Texas trimmed its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 56.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,848 shares of the technology company's stock after selling 121,923 shares during the quarter. Teacher Retirement System of Texas' holdings in Match Group were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MTCH. NBC Securities Inc. bought a new stake in shares of Match Group during the 1st quarter valued at about $37,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Match Group during the 4th quarter valued at about $43,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Match Group by 30,240.0% during 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 purchasing an additional 1,512 shares in the last quarter. Mather Group LLC. boosted its position in shares of Match Group by 130.1% during the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after purchasing an additional 1,434 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Match Group by 14.2% during the 4th 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 own 94.05% of the company's stock.

Match Group Stock Performance

Shares of Match Group stock traded up $0.86 on Thursday, hitting $33.73. The company had a trading volume of 628,888 shares, compared to its average volume of 4,799,589. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.72 and a beta of 1.34. The stock has a 50 day moving average of $30.49 and a 200-day moving average of $31.38. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $38.84.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, July 3rd. Match Group's payout ratio is 37.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTCH shares. UBS Group cut their target price on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Evercore ISI restated a "cautious" rating and set a $32.00 target price on shares of Match Group in a research report on Wednesday, May 21st. Morgan Stanley dropped their price target on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price target on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Stifel Nicolaus dropped their price target on Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.96.

Insider Activity at Match Group

In other Match Group news, CEO Spencer M. Rascoff purchased 70,885 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company's stock.

Match Group 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.