Virginia Retirement Systems ET AL bought a new position in shares of TiVo Corporation (NASDAQ:TIVO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,700 shares of the technology company’s stock, valued at approximately $1,822,000. Virginia Retirement Systems ET AL owned 0.08% of TiVo Corporation at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of TiVo Corporation by 28.7% in the first quarter. BNP Paribas Arbitrage SA now owns 30,203 shares of the technology company’s stock worth $566,000 after buying an additional 6,744 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of TiVo Corporation by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 1,595,295 shares of the technology company’s stock worth $29,913,000 after buying an additional 51,040 shares during the last quarter. Flinton Capital Management LLC raised its stake 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 worth $124,000 after buying an additional 170 shares during the last quarter. Tyers Asset Management LLC raised its stake 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 worth $102,000 after buying an additional 140 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of TiVo Corporation by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 169,387 shares of the technology company’s stock worth $3,167,000 after buying an additional 11,650 shares during the last quarter. 88.98% of the stock is currently owned by institutional investors.

Shares of TiVo Corporation (TIVO) opened at 18.15 on Thursday. The stock’s 50 day moving average price is $18.71 and its 200-day moving average price is $18.49. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $23.40. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 100.28 and a beta of 0.16.

TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.20. The firm had revenue of $208.60 million during the quarter, compared to analysts’ expectations of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The business’s quarterly revenue was up 66.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. On average, analysts predict that TiVo Corporation will post $0.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.97%. The ex-dividend date is Wednesday, September 6th. TiVo Corporation’s payout ratio is currently 240.00%.

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A number of brokerages have issued reports on TIVO. B. Riley set a $31.00 target price on TiVo Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Cowen and Company reissued an “outperform” rating and issued a $30.00 target price on shares of TiVo Corporation in a research report on Thursday, May 4th. Zacks Investment Research lowered TiVo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 target price on shares of TiVo Corporation in a research report on Friday, July 7th. Finally, ValuEngine lowered TiVo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TiVo Corporation currently has a consensus rating of “Buy” and an average price target of $26.17.

In related news, insider Dustin Finer sold 2,369 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $18.15, for a total transaction of $42,997.35. Following the completion of 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 the SEC website. 3.57% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for TiVo Corporation (NASDAQ:TIVO)

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