Sterling Capital Management LLC Has $242,000 Holdings in Match Group Inc. $MTCH

Sterling Capital Management LLC cut its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 86.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,895 shares of the technology company’s stock after selling 51,001 shares during the period. Sterling Capital Management LLC’s holdings in Match Group were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Activest Wealth Management raised its position in shares of Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after purchasing an additional 848 shares during the period. Advisory Services Network LLC acquired a new position in shares of Match Group in the 3rd quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its stake in Match Group by 53.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after purchasing an additional 356 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Match Group in the fourth quarter valued at approximately $38,000. Finally, Root Financial Partners LLC lifted its stake in Match Group by 63.9% in the fourth quarter. Root Financial Partners LLC now owns 1,254 shares of the technology company’s stock valued at $40,000 after buying an additional 489 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $43.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. Citigroup upped their target price on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings raised Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, Barclays lifted their price target on Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Match Group presently has a consensus rating of “Hold” and a consensus target price of $41.07.

Match Group Stock Performance

NASDAQ MTCH opened at $37.90 on Monday. The company has a market cap of $8.84 billion, a PE ratio of 14.47, a PEG ratio of 0.61 and a beta of 1.30. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $39.20. The stock has a 50 day moving average of $36.05 and a 200-day moving average of $33.27.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The business had revenue of $863.93 million for the quarter, compared to the consensus estimate of $854.70 million. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Match Group Inc. will post 3.11 EPS for the current fiscal year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Match Group’s payout ratio is currently 30.53%.

Match Group Company 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.