Fuller & Thaler Asset Management Inc. Buys 487,903 Shares of Match Group, Inc. (NASDAQ:MTCH)

Fuller & Thaler Asset Management Inc. boosted its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,066,321 shares of the technology company's stock after purchasing an additional 487,903 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 2.02% of Match Group worth $165,719,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Post Corp Registered Pension Plan bought a new stake in shares of Match Group in the 4th quarter valued at about $43,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Match Group by 30,240.0% in the fourth 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. Assetmark Inc. increased its stake in Match Group by 14.2% in the fourth 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. Principal Securities Inc. raised its holdings in Match Group by 420.3% in the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after purchasing an additional 2,652 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Match Group during the fourth quarter worth $116,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Trading Up 2.2 %

Shares of NASDAQ MTCH opened at $29.71 on Wednesday. The company has a market capitalization of $7.44 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The stock has a 50 day moving average of $30.89 and a 200-day moving average of $32.80.

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

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, April 3rd. Match Group's dividend payout ratio is presently 37.62%.

Analyst Upgrades and Downgrades

MTCH has been the topic of several research analyst reports. Morgan Stanley dropped their price objective 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. Wells Fargo & Company dropped their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Evercore ISI lowered Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price objective for the company. in a research report on Thursday, February 6th. HSBC downgraded shares of Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their price target on shares of Match Group from $36.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Fourteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.25.

Insider Activity

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.