Crossmark Global Holdings Inc. Has $2.78 Million Stock Position in Match Group Inc. $MTCH

Crossmark Global Holdings Inc. lifted its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 437.9% during the third quarter, HoldingsChannel reports. The firm owned 78,603 shares of the technology company’s stock after acquiring an additional 63,989 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Match Group were worth $2,776,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MTCH. Harbor Capital Advisors Inc. acquired a new position in Match Group during the third quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Match Group in the third quarter valued at $27,000. Employees Retirement System of Texas acquired a new stake in Match Group in the second quarter valued at $28,000. Rossby Financial LCC grew its position in shares of Match Group by 126.5% in the 3rd quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after acquiring an additional 506 shares during the period. Finally, Caldwell Trust Co bought a new position in shares of Match Group in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. JPMorgan Chase & Co. reduced their price target on Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Truist Financial lowered their price target on Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research note on Thursday, January 22nd. Finally, Wolfe Research set a $43.00 price objective on Match Group and gave the company an “outperform” rating in a research report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Match Group presently has an average rating of “Hold” and a consensus price target of $35.86.

Match Group Stock Performance

NASDAQ MTCH opened at $30.47 on Friday. The stock has a market cap of $7.19 billion, a PE ratio of 12.80, a P/E/G ratio of 0.49 and a beta of 1.30. The firm has a 50-day moving average of $31.42 and a 200-day moving average of $33.30. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $39.20.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). The company had revenue of $878.01 million during the quarter, compared to analyst estimates of $872.86 million. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. As a group, analysts predict that Match Group Inc. will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This is a positive change from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Match Group’s dividend payout ratio (DPR) is currently 31.93%.

Match Group Company Profile

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.