Fuller & Thaler Asset Management Inc. Grows Stake in Match Group, Inc. (NASDAQ:MTCH)

Fuller & Thaler Asset Management Inc. grew its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,066,321 shares of the technology company's stock after buying an additional 487,903 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.02% of Match Group worth $165,719,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTCH. Nisa Investment Advisors LLC boosted its position in shares of Match Group by 94.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock valued at $1,947,000 after acquiring an additional 28,884 shares during the last quarter. Pacer Advisors Inc. lifted its position in Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after purchasing an additional 939,078 shares during the last quarter. Nordea Investment Management AB grew its stake in Match Group by 56.8% in the 4th quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after buying an additional 866,026 shares in the last quarter. Penn Davis Mcfarland Inc. increased its holdings in shares of Match Group by 1.8% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company's stock worth $15,665,000 after buying an additional 8,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Match Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock worth $87,267,000 after acquiring an additional 69,947 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Down 0.2 %

Shares of MTCH traded down $0.07 during trading hours on Monday, reaching $30.00. 732,801 shares of the company traded hands, compared to its average volume of 4,929,378. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The company's fifty day moving average price is $30.60 and its two-hundred day moving average price is $32.62. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. On average, analysts expect that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's dividend payout ratio is currently 37.62%.

Insider Activity

In related news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the transaction, the president now directly owns 1,690 shares of the company's stock, valued at $55,533.40. This trade represents a 99.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MTCH. Morgan Stanley reduced their target price 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. JPMorgan Chase & Co. decreased their price objective on Match Group from $33.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. HSBC lowered Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup lowered their price objective on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Friday. Finally, Wells Fargo & Company reduced their target price on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $36.58.

About Match Group

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.