Illinois Municipal Retirement Fund Purchases 531 Shares of IAC Inc. (NASDAQ:IAC)

Illinois Municipal Retirement Fund boosted its position in IAC Inc. (NASDAQ:IAC) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,348 shares of the company’s stock after purchasing an additional 531 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in IAC were worth $1,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAC. Joel Isaacson & Co. LLC increased its holdings in shares of IAC by 553.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company’s stock worth $18,302,000 after purchasing an additional 359,327 shares during the period. Empirical Asset Management LLC acquired a new stake in IAC during the fourth quarter worth approximately $7,794,000. Assenagon Asset Management S.A. increased its stake in IAC by 452.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 102,883 shares of the company’s stock worth $4,438,000 after acquiring an additional 84,259 shares during the period. Sanctuary Advisors LLC raised its holdings in IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock valued at $5,291,000 after acquiring an additional 83,878 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in IAC by 25.0% in the 3rd quarter. WCM Investment Management LLC now owns 379,556 shares of the company’s stock valued at $20,762,000 after acquiring an additional 75,918 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Stock Down 0.7 %

Shares of NASDAQ:IAC opened at $46.22 on Friday. IAC Inc. has a 52-week low of $39.61 and a 52-week high of $58.29. The company has a market capitalization of $3.72 billion, a PE ratio of -7.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a fifty day moving average of $43.39 and a 200-day moving average of $47.99.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IAC shares. Citigroup increased their target price on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Oppenheimer decreased their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Truist Financial dropped their target price on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Macquarie reiterated an “outperform” rating and set a $14.00 price target on shares of IAC in a research report on Thursday, November 14th. Finally, Barclays lowered their price objective on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, IAC has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

IAC Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.