Ameriprise Financial Inc. Buys 590,818 Shares of TiVo Corporation (TIVO)
Ameriprise Financial Inc. lifted its stake in shares of TiVo Corporation (NASDAQ:TIVO) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,950,144 shares of the technology company’s stock after acquiring an additional 590,818 shares during the quarter. Ameriprise Financial Inc. owned 7.46% of TiVo Corporation worth $166,918,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in TiVo Corporation by 62,480.7% in the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock valued at $280,814,000 after buying an additional 14,952,875 shares during the last quarter. Shelton Capital Management purchased a new position in TiVo Corporation in the first quarter valued at $210,000. TSP Capital Management Group LLC increased its holdings in TiVo Corporation by 3.6% in the second quarter. TSP Capital Management Group LLC now owns 145,800 shares of the technology company’s stock valued at $2,719,000 after buying an additional 5,000 shares during the last quarter. Tributary Capital Management LLC increased its holdings in TiVo Corporation by 10.4% in the first quarter. Tributary Capital Management LLC now owns 77,300 shares of the technology company’s stock valued at $1,449,000 after buying an additional 7,300 shares during the last quarter. Finally, Tyers Asset Management LLC increased its holdings in 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. 89.00% of the stock is currently owned by institutional investors and hedge funds.
TiVo Corporation (NASDAQ TIVO) opened at 19.15 on Friday. TiVo Corporation has a one year low of $15.15 and a one year high of $22.20. The stock’s market cap is $2.31 billion. The firm’s 50 day moving average price is $18.44 and its 200 day moving average price is $18.38.
TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.20. The company had revenue of $208.60 million during the quarter, compared to the consensus estimate of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The company’s revenue was up 66.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities analysts forecast that TiVo Corporation will post $0.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, September 6th. TiVo Corporation’s payout ratio is currently 240.00%.
TIVO has been the topic of several recent analyst reports. Cowen and Company reissued a “buy” rating and issued a $30.00 target price on shares of TiVo Corporation in a report on Friday, September 8th. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 target price on shares of TiVo Corporation in a report on Tuesday, May 30th. Zacks Investment Research lowered TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine lowered TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $18.00 target price on shares of TiVo Corporation in a report on Friday, July 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.17.
In other news, insider Dustin Finer sold 2,369 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $18.15, for a total value of $42,997.35. Following the completion of the sale, the insider now owns 53,405 shares of the company’s stock, valued at approximately $969,300.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.57% of the stock is currently owned by 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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