TiVo Corporation (TIVO) Shares Bought by Texas Permanent School Fund
Texas Permanent School Fund raised its stake in TiVo Corporation (NASDAQ:TIVO) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,452 shares of the technology company’s stock after buying an additional 919 shares during the period. Texas Permanent School Fund’s holdings in TiVo Corporation were worth $1,650,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of TIVO. Atria Investments LLC increased its position in shares of TiVo Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 10,973 shares of the technology company’s stock valued at $205,000 after buying an additional 49 shares during the last quarter. Bbva Compass Bancshares Inc. increased its position in shares of TiVo Corporation by 1.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock valued at $198,000 after buying an additional 120 shares during the last quarter. Tyers Asset Management LLC increased its position in shares of TiVo Corporation by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock valued at $102,000 after buying an additional 140 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of TiVo Corporation by 2.6% in the first quarter. Flinton Capital Management LLC now owns 6,596 shares of the technology company’s stock valued at $124,000 after buying an additional 170 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of TiVo Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 13,400 shares of the technology company’s stock valued at $251,000 after buying an additional 440 shares during the last quarter. 88.56% of the stock is owned by hedge funds and other institutional investors.
Shares of TiVo Corporation (NASDAQ:TIVO) opened at 18.50 on Tuesday. TiVo Corporation has a 12-month low of $15.15 and a 12-month high of $23.40. The company has a market capitalization of $2.23 billion, a PE ratio of 102.21 and a beta of 0.16. The stock’s 50 day moving average price is $18.78 and its 200 day moving average price is $18.51.
TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.20. TiVo Corporation had a return on equity of 10.59% and a net margin of 2.47%. The business had revenue of $208.60 million for the quarter, compared to analyst estimates of $192.72 million. During the same period last year, the company earned $0.45 EPS. TiVo Corporation’s revenue for the quarter was up 66.6% compared to the same quarter last year. On average, equities research analysts forecast that TiVo Corporation will post $0.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.72 annualized dividend and a yield of 3.89%. TiVo Corporation’s payout ratio is 240.00%.
TIVO has been the topic of several research reports. B. Riley restated a “buy” rating and set a $31.00 price target on shares of TiVo Corporation in a report on Monday, May 15th. ValuEngine cut TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. TiVo Corporation currently has an average rating of “Buy” and an average target price of $26.17.
In related news, insider Dustin Finer sold 2,369 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total transaction of $42,997.35. Following the transaction, the insider now directly owns 53,405 shares in the company, valued at approximately $969,300.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.57% of the stock is owned by company insiders.
TiVo Corporation Company Profile
TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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