Systematic Financial Management LP Trims Position in IAC/InterActiveCorp (NASDAQ:IAC)

Systematic Financial Management LP lessened its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,147 shares of the company’s stock after selling 9,628 shares during the quarter. Systematic Financial Management LP owned approximately 0.16% of IAC/InterActiveCorp worth $14,715,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of IAC/InterActiveCorp by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock worth $689,000 after buying an additional 25 shares in the last quarter. US Bancorp DE lifted its stake in shares of IAC/InterActiveCorp by 0.6% in the second quarter. US Bancorp DE now owns 5,261 shares of the company’s stock worth $543,000 after buying an additional 30 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of IAC/InterActiveCorp by 1.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock worth $581,000 after buying an additional 104 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of IAC/InterActiveCorp by 0.6% in the second quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock worth $2,778,000 after buying an additional 150 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in shares of IAC/InterActiveCorp by 1.7% in the second quarter. Keybank National Association OH now owns 8,987 shares of the company’s stock worth $928,000 after buying an additional 150 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Several research firms have recently weighed in on IAC. BidaskClub raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating and set a $141.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Finally, UBS lifted their target price on shares of IAC/InterActiveCorp from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $142.05.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded up $2.43 during trading on Thursday, reaching $125.24. 743,115 shares of the company were exchanged, compared to its average volume of 768,864. IAC/InterActiveCorp has a one year low of $64.69 and a one year high of $137.86. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $10,060.26, a P/E ratio of 98.17, a P/E/G ratio of 27.02 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. analysts predict that IAC/InterActiveCorp will post 0.55 EPS for the current year.

In other news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Rosenblatt sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $133.00, for a total transaction of $798,000.00. The disclosure for this sale can be found here. 10.60% of the stock is owned by insiders.

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IAC/InterActiveCorp Profile

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

Institutional Ownership by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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