UniSuper Management Pty Ltd Has $1.87 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

UniSuper Management Pty Ltd lifted its position in Match Group, Inc. (NASDAQ:MTCH) by 27.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 57,216 shares of the technology company’s stock after purchasing an additional 12,304 shares during the period. UniSuper Management Pty Ltd’s holdings in Match Group were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Starboard Value LP acquired a new position in Match Group during the 3rd quarter worth $361,605,000. Retirement Systems of Alabama lifted its position in shares of Match Group by 2,732.1% during the 3rd quarter. Retirement Systems of Alabama now owns 1,659,718 shares of the technology company’s stock worth $62,804,000 after purchasing an additional 1,601,115 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Match Group during the 4th quarter valued at approximately $45,768,000. Sound Shore Management Inc. CT acquired a new stake in Match Group in the 4th quarter valued at approximately $39,962,000. Finally, Seizert Capital Partners LLC increased its position in Match Group by 468.6% in the 4th quarter. Seizert Capital Partners LLC now owns 1,481,967 shares of the technology company’s stock worth $48,475,000 after buying an additional 1,221,347 shares during the period. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

NASDAQ MTCH opened at $30.63 on Monday. The stock’s 50 day simple moving average is $32.86 and its 200 day simple moving average is $33.77. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84. The firm has a market cap of $7.67 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.62 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%. As a group, equities analysts expect that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group announced that its board has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, April 3rd. Match Group’s dividend payout ratio is presently 37.62%.

Insider Transactions at Match Group

In related news, President Gary Swidler sold 242,209 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares in the company, valued at $55,533.40. The trade was a 99.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MTCH. Piper Sandler restated an “overweight” rating and issued a $40.00 price objective on shares of Match Group in a research note on Thursday, December 12th. BTIG Research lowered shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Barclays cut their price objective on shares of Match Group from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus decreased their target price on Match Group from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group cut their price target on Match Group from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Match Group currently has an average rating of “Hold” and an average price target of $37.68.

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.