OMERS ADMINISTRATION Corp Has $369,000 Position in Match Group, Inc. (NASDAQ:MTCH)

OMERS ADMINISTRATION Corp raised its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,291 shares of the technology company’s stock after purchasing an additional 1,801 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Match Group were worth $369,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTCH. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Match Group during the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Match Group by 30,240.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,512 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock worth $99,000 after acquiring an additional 378 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,652 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Match Group during the fourth quarter worth $116,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Up 2.3%

MTCH stock opened at $29.93 on Tuesday. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The company has a market cap of $7.50 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. The business’s 50-day simple moving average is $29.75 and its 200 day simple moving average is $31.73.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, July 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Analysts Set New Price Targets

MTCH has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price objective on Match Group from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, May 9th. UBS Group lowered their target price on shares of Match Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Hsbc Global Res downgraded shares of Match Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company lowered their target price on shares of 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. Finally, Evercore ISI lowered their target price on shares of Match Group from $35.00 to $32.00 and set an “in-line” rating on the stock in a research report on Monday, May 12th. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Match Group has a consensus rating of “Hold” and a consensus target price of $35.91.

Insider Buying and Selling

In other Match Group news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the sale, the president now directly owns 1,690 shares of the company’s stock, valued at approximately $55,533.40. The trade was a 99.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Spencer M. Rascoff acquired 70,885 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the completion of the acquisition, the chief executive officer now directly owns 137,478 shares of the company’s stock, valued at approximately $3,856,257.90. This represents a 106.45% increase in their position. The disclosure for this purchase can be found here. 0.64% of the stock is owned by company insiders.

Match Group Company 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.