Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Holdings in Match Group Inc. $MTCH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Match Group Inc. (NASDAQ:MTCH) by 4.7% during the second quarter, Holdings Channel.com reports. The fund owned 60,143 shares of the technology company’s stock after purchasing an additional 2,722 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Match Group were worth $1,858,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of Match Group by 56.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after purchasing an additional 362 shares during the period. SVB Wealth LLC acquired a new position in shares of Match Group during the 1st quarter worth about $49,000. Summit Securities Group LLC purchased a new position in Match Group in the 1st quarter valued at about $54,000. Harbour Investments Inc. boosted its holdings in Match Group by 28.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after buying an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Match Group by 18.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after buying an additional 390 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTCH has been the topic of several research reports. Evercore ISI decreased their target price on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Truist Financial lowered their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Susquehanna increased their target price on shares of Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insider Activity

In other news, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total transaction of $245,043.12. Following the sale, the chief accounting officer owned 23,240 shares of the company’s stock, valued at approximately $871,964.80. The trade was a 21.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mcdaniel sold 5,423 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director owned 21,926 shares of the company’s stock, valued at $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.64% of the company’s stock.

Match Group Trading Up 3.3%

Shares of MTCH opened at $32.27 on Friday. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The firm has a market capitalization of $7.62 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.63 and a beta of 1.41. The firm has a 50-day moving average price of $33.70 and a 200 day moving average price of $33.34.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.4%. Match Group’s dividend payout ratio (DPR) is currently 35.51%.

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.