Heritage Investors Management Corp Has $943,000 Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Heritage Investors Management Corp lowered its stake in Match Group, Inc. (NASDAQ:MTCH) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,841 shares of the technology company’s stock after selling 3,404 shares during the quarter. Heritage Investors Management Corp’s holdings in Match Group were worth $943,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MTCH. Bank of New York Mellon Corp raised its stake in Match Group by 37.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,486,837 shares of the technology company’s stock worth $81,344,000 after buying an additional 683,132 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Match Group by 14.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,102 shares of the technology company’s stock worth $2,293,000 after buying an additional 8,900 shares during the period. Flossbach Von Storch SE raised its stake in Match Group by 9.4% during the 4th quarter. Flossbach Von Storch SE now owns 734,395 shares of the technology company’s stock worth $24,022,000 after buying an additional 62,900 shares during the period. Advyzon Investment Management LLC bought a new position in Match Group during the 4th quarter worth about $386,000. Finally, Truist Financial Corp bought a new position in Match Group during the 4th quarter worth about $250,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $31.88 on Friday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $38.84. The company has a market capitalization of $8.00 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45. The company has a 50-day simple moving average of $33.41 and a 200 day simple moving average of $34.53.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. As a group, equities analysts forecast that Match Group, Inc. will post 2.44 earnings per share 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 given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.38%. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Match Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MTCH shares. Evercore ISI cut Match Group from an “outperform” rating to an “inline” rating and set a $35.00 target price for the company. in a report on Thursday, February 6th. KeyCorp lowered their target price on Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. UBS Group lowered their target price on Match Group from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. BTIG Research cut Match Group from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their target price on Match Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, December 12th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.