Rehmann Capital Advisory Group Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Rehmann Capital Advisory Group purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,400 shares of the technology company's stock, valued at approximately $602,000.

Several other large investors have also recently added to or reduced their stakes in MTCH. Comerica Bank raised its position in Match Group by 61.0% in the fourth quarter. Comerica Bank now owns 54,715 shares of the technology company's stock worth $1,790,000 after purchasing an additional 20,740 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Match Group by 225.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 24,102 shares of the technology company's stock worth $788,000 after buying an additional 16,698 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Match Group by 64.0% during the 4th quarter. AQR Capital Management LLC now owns 535,113 shares of the technology company's stock worth $17,504,000 after buying an additional 208,892 shares during the period. Northern Trust Corp boosted its stake in Match Group by 12.1% in the 4th quarter. Northern Trust Corp now owns 2,533,468 shares of the technology company's stock valued at $82,870,000 after buying an additional 273,349 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its position in Match Group by 162.0% in the fourth quarter. Boothbay Fund Management LLC now owns 22,712 shares of the technology company's stock valued at $743,000 after acquiring an additional 14,042 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Up 0.9 %

Shares of Match Group stock traded up $0.28 during trading on Friday, reaching $30.69. 3,805,909 shares of the company were exchanged, compared to its average volume of 4,944,951. The business has a 50-day moving average price of $30.28 and a 200-day moving average price of $32.35. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84.

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

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Insider Activity at Match Group

In other news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the sale, the president now owns 1,690 shares of the company's stock, valued at $55,533.40. This trade represents a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTCH. Morgan Stanley reduced their target price on shares of 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. Barclays decreased their price objective on shares of Match Group from $53.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Bank of America decreased their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, HSBC downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Match Group has an average rating of "Hold" and a consensus target price of $36.44.

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.