Seizert Capital Partners LLC Acquires 1,221,347 Shares of Match Group, Inc. (NASDAQ:MTCH)

Seizert Capital Partners LLC raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 468.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,481,967 shares of the technology company's stock after acquiring an additional 1,221,347 shares during the quarter. Match Group makes up 2.2% of Seizert Capital Partners LLC's investment portfolio, making the stock its 16th largest holding. Seizert Capital Partners LLC owned 0.59% of Match Group worth $48,475,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MTCH. Assetmark Inc. grew its position in Match Group by 14.2% during 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. Cornerstone Investment Partners LLC grew its holdings in shares of Match Group by 2.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock valued at $520,000 after acquiring an additional 349 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Match Group by 2.7% in the fourth 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. Unified Investment Management purchased a new stake in shares of Match Group during the fourth quarter worth $872,000. Finally, SBI Securities Co. Ltd. purchased a new position in Match Group in the fourth quarter valued at about $116,000. Institutional investors and hedge funds own 94.05% of the company's stock.

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Match Group Price Performance

Shares of NASDAQ MTCH traded up $1.29 during mid-day trading on Friday, hitting $32.62. The company had a trading volume of 7,332,459 shares, compared to its average volume of 5,098,979. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $38.84. The firm has a market cap of $8.19 billion, a P/E ratio of 16.15, a PEG ratio of 0.82 and a beta of 1.45. The business's 50-day simple moving average is $33.18 and its 200-day simple moving average is $34.38.

Match Group (NASDAQ:MTCH - Get Free Report) last announced 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%. As a group, sell-side analysts predict that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.33%. Match Group's dividend payout ratio is currently 37.62%.

Match Group declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MTCH has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, December 12th. Hsbc Global Res lowered shares of Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $32.00 price objective (down previously from $40.00) on shares of Match Group in a research note on Tuesday, December 17th. Stifel Nicolaus decreased their price objective 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. Finally, BTIG Research lowered Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Match Group has an average rating of "Hold" and an average price target of $37.68.

Insider Buying and Selling 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 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 approximately $55,533.40. This trade represents a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

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.