Nisa Investment Advisors LLC Decreases Position in Match Group Inc. $MTCH

Nisa Investment Advisors LLC trimmed its holdings in Match Group Inc. (NASDAQ:MTCH) by 45.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,900 shares of the technology company’s stock after selling 27,767 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Match Group were worth $1,062,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Foster & Motley Inc. lifted its position in shares of Match Group by 37.8% during the 4th quarter. Foster & Motley Inc. now owns 48,539 shares of the technology company’s stock worth $1,567,000 after buying an additional 13,314 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Match Group by 63.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,195 shares of the technology company’s stock valued at $555,000 after buying an additional 6,675 shares during the last quarter. Chesley Taft & Associates LLC grew its position in shares of Match Group by 23.5% in the 4th quarter. Chesley Taft & Associates LLC now owns 7,340 shares of the technology company’s stock valued at $237,000 after buying an additional 1,399 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Match Group by 5.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,286 shares of the technology company’s stock worth $655,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in Match Group by 11.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 59,425 shares of the technology company’s stock worth $1,919,000 after acquiring an additional 6,206 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Price Performance

MTCH stock opened at $31.44 on Friday. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.30. The company has a fifty day moving average price of $30.97 and a 200 day moving average price of $32.36. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $39.20.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.17). The business had revenue of $878.01 million for the quarter, compared to analysts’ expectations of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. As a group, analysts anticipate that Match Group Inc. will post 2.44 earnings per share for the current year.

Match Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be issued a dividend of $0.20 per share. This is an increase from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group’s dividend payout ratio is 33.61%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MTCH. UBS Group restated a “neutral” rating on shares of Match Group in a research note on Friday, March 13th. Wolfe Research set a $43.00 target price on Match Group and gave the stock an “outperform” rating in a research report on Monday, January 5th. Morgan Stanley set a $35.00 target price on Match Group in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.86.

About Match Group

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.