Illinois Municipal Retirement Fund Has $4.66 Million Stock Holdings in Match Group Inc. $MTCH

Illinois Municipal Retirement Fund boosted its position in shares of Match Group Inc. (NASDAQ:MTCH) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,991 shares of the technology company’s stock after acquiring an additional 37,999 shares during the period. Illinois Municipal Retirement Fund’s holdings in Match Group were worth $4,662,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MTCH. Woodline Partners LP bought a new stake in shares of Match Group during the first quarter valued at approximately $662,000. Aberdeen Group plc lifted its position in Match Group by 72.7% in the second quarter. Aberdeen Group plc now owns 33,990 shares of the technology company’s stock worth $1,050,000 after purchasing an additional 14,314 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Match Group by 31.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,454 shares of the technology company’s stock worth $570,000 after buying an additional 4,392 shares in the last quarter. TD Asset Management Inc increased its holdings in Match Group by 16.0% in the 2nd quarter. TD Asset Management Inc now owns 612,231 shares of the technology company’s stock valued at $18,912,000 after buying an additional 84,530 shares during the period. Finally, Harbour Investments Inc. raised its stake in shares of Match Group by 28.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock valued at $63,000 after buying an additional 446 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

MTCH has been the topic of several recent research reports. TD Cowen decreased their target price on shares of Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. Truist Financial dropped their target price on Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, February 4th. Finally, Wolfe Research set a $43.00 price target on Match Group and gave the company an “outperform” rating in a research note on Monday, January 5th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.86.

Match Group Trading Up 1.9%

NASDAQ MTCH opened at $30.50 on Friday. The company has a 50 day moving average of $32.01 and a 200-day moving average of $33.84. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.58 and a beta of 1.32.

Match Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, April 7th. This is a boost from Match Group’s previous quarterly dividend of $0.19. Match Group’s dividend payout ratio is 31.93%.

Insider Buying and Selling at Match Group

In related news, CEO Spencer M. Rascoff purchased 14,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of $31.84 per share, with a total value of $445,760.00. Following the completion of the purchase, the chief executive officer directly owned 165,128 shares of the company’s stock, valued at $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

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.