Allworth Financial LP Has $175,000 Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Allworth Financial LP boosted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 432.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,387 shares of the technology company’s stock after purchasing an additional 4,375 shares during the period. Allworth Financial LP’s holdings in Match Group were worth $175,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. boosted its position in Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,652 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Match Group by 113.2% in the fourth quarter. Blue Trust Inc. now owns 5,504 shares of the technology company’s stock worth $180,000 after buying an additional 2,922 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Match Group by 149.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 733,536 shares of the technology company’s stock worth $23,994,000 after buying an additional 439,432 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of Match Group in the fourth quarter worth about $2,070,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Match Group by 60.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,836 shares of the technology company’s stock worth $647,000 after buying an additional 7,451 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Down 3.2 %

Shares of MTCH opened at $32.77 on Friday. The stock’s 50-day moving average price is $33.35 and its 200 day moving average price is $34.60. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $38.84.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. Equities research analysts expect that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group’s payout ratio is 37.62%.

Match Group announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 19% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley boosted their price target on Match Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Susquehanna reduced their price target on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 price target on shares of Match Group in a research report on Thursday, December 12th. New Street Research cut Match Group from a “buy” rating to a “neutral” rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus dropped their price objective on Match Group from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.68.

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.