Systematic Financial Management LP Has $11,355,000 Position in IAC/InterActiveCorp (IAC)

Systematic Financial Management LP increased its position in IAC/InterActiveCorp (NYSE:IAC) by 2.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 175,266 shares of the company’s stock after buying an additional 4,966 shares during the period. Systematic Financial Management LP’s holdings in IAC/InterActiveCorp were worth $11,355,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IAC. Raymond James Financial Services Advisors Inc. boosted its stake in shares of IAC/InterActiveCorp by 51.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,310 shares of the company’s stock worth $409,000 after buying an additional 2,143 shares during the period. Cipher Capital LP boosted its stake in shares of IAC/InterActiveCorp by 40.0% in the fourth quarter. Cipher Capital LP now owns 28,346 shares of the company’s stock worth $1,836,000 after buying an additional 8,100 shares during the period. Comerica Bank bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $230,000. Handelsbanken Fonder AB boosted its stake in shares of IAC/InterActiveCorp by 0.7% in the fourth quarter. Handelsbanken Fonder AB now owns 692,000 shares of the company’s stock worth $44,835,000 after buying an additional 5,000 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $23,196,000.

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

IAC/InterActiveCorp (NYSE:IAC) traded down 0.75% on Friday, reaching $75.25. The company’s stock had a trading volume of 146,303 shares. IAC/InterActiveCorp has a 52-week low of $43.10 and a 52-week high of $77.46. The stock’s market cap is $5.85 billion. The firm’s 50-day moving average price is $71.35 and its 200-day moving average price is $64.98.

IAC/InterActiveCorp (NYSE:IAC) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.43. The firm earned $811.20 million during the quarter, compared to the consensus estimate of $781.60 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. On average, equities analysts expect that IAC/InterActiveCorp will post $3.40 earnings per share for the current year.

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A number of brokerages recently commented on IAC. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $94.00 price objective (up from $88.00) on shares of IAC/InterActiveCorp in a research note on Friday, February 10th. Aegis lifted their price objective on IAC/InterActiveCorp from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Benchmark Co. reaffirmed a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of IAC/InterActiveCorp in a research note on Friday, February 3rd. SunTrust Banks, Inc. lifted their price objective on IAC/InterActiveCorp from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Jefferies Group LLC lifted their price objective on IAC/InterActiveCorp from $74.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $80.00.

IAC/InterActiveCorp Company Profile

5 Day Chart for NYSE:IAC

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