Thompson Siegel & Walmsley LLC Has $70.61 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Thompson Siegel & Walmsley LLC boosted its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 43.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,158,785 shares of the technology company's stock after buying an additional 650,593 shares during the quarter. Match Group makes up about 1.1% of Thompson Siegel & Walmsley LLC's holdings, making the stock its 28th biggest position. Thompson Siegel & Walmsley LLC owned approximately 0.86% of Match Group worth $70,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MTCH. State Street Corp grew its stake in Match Group by 2.3% in the 3rd quarter. State Street Corp now owns 17,672,611 shares of the technology company's stock valued at $668,732,000 after buying an additional 391,977 shares during the last quarter. Starboard Value LP acquired a new position in Match Group in the 3rd quarter valued at $361,605,000. Pacer Advisors Inc. grew its stake in Match Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after buying an additional 939,078 shares during the last quarter. FMR LLC grew its stake in Match Group by 10.4% in the 3rd quarter. FMR LLC now owns 5,540,916 shares of the technology company's stock valued at $209,668,000 after buying an additional 524,144 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Match Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock valued at $87,267,000 after buying an additional 69,947 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MTCH shares. New Street Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research note on Monday, December 16th. Bank of America raised their price target on shares of Match Group from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Morgan Stanley raised their price target on shares of Match Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. BTIG Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, Barclays decreased their price target on shares of Match Group from $53.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.68.

Match Group Trading Up 1.4 %

MTCH stock traded up $0.42 during trading on Monday, hitting $31.36. 2,933,953 shares of the stock traded hands, compared to its average volume of 4,692,434. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.82 and a beta of 1.45. The company has a 50 day simple moving average of $33.02 and a 200 day simple moving average of $34.13.

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

Match Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's dividend payout ratio is 37.62%.

Match Group declared that its Board of Directors has initiated a share buyback plan 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 plans are typically an indication that the company's board believes its shares are undervalued.

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 transaction of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by corporate 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.