State of Alaska Department of Revenue Boosts Position in TiVo Corporation (TIVO)
State of Alaska Department of Revenue boosted its stake in TiVo Corporation (NASDAQ:TIVO) by 78.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,917 shares of the technology company’s stock after buying an additional 10,517 shares during the period. State of Alaska Department of Revenue’s holdings in TiVo Corporation were worth $446,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TIVO. Norges Bank purchased a new position in shares of TiVo Corporation during the fourth quarter valued at about $26,640,000. Teachers Advisors LLC boosted its position in shares of TiVo Corporation by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 199,032 shares of the technology company’s stock valued at $4,160,000 after buying an additional 9,870 shares during the last quarter. Bank of Montreal Can boosted its position in shares of TiVo Corporation by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after buying an additional 3,849 shares during the last quarter. Atria Investments LLC purchased a new position in shares of TiVo Corporation during the first quarter valued at about $205,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of TiVo Corporation during the first quarter valued at about $223,000. 88.56% of the stock is currently owned by institutional investors and hedge funds.
TiVo Corporation (NASDAQ TIVO) remained flat at $18.10 on Friday. The company had a trading volume of 649,696 shares. TiVo Corporation has a 12-month low of $15.15 and a 12-month high of $23.40. The stock’s 50-day moving average price is $18.73 and its 200 day moving average price is $18.50. The stock has a market capitalization of $2.18 billion, a PE ratio of 100.00 and a beta of 0.16.
TiVo Corporation (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.20. The company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $192.72 million. TiVo Corporation had a return on equity of 10.59% and a net margin of 2.47%. TiVo Corporation’s revenue for the quarter was up 66.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, equities research analysts forecast that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 6th. This represents a $0.72 dividend on an annualized basis and a yield of 3.98%. TiVo Corporation’s dividend payout ratio is currently 240.00%.
TIVO has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $31.00 price objective on shares of TiVo Corporation in a research report on Saturday, April 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $30.00 price objective on shares of TiVo Corporation in a research report on Thursday, May 4th. Zacks Investment Research raised TiVo Corporation from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, May 16th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 price objective on shares of TiVo Corporation in a research report on Tuesday, May 30th. Finally, ValuEngine cut TiVo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TiVo Corporation has an average rating of “Buy” and a consensus price target of $26.17.
In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the 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 owns 53,405 shares in the company, valued at $969,300.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.57% of the company’s stock.
About TiVo Corporation
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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