TiVo Corporation (TIVO) Holdings Increased by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. grew its holdings in shares of TiVo Corporation (NASDAQ:TIVO) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 904,621 shares of the technology company’s stock after acquiring an additional 19,464 shares during the period. Epoch Investment Partners Inc. owned 0.75% of TiVo Corporation worth $16,871,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of TIVO. BlackRock Inc. grew its holdings in TiVo Corporation by 62,480.7% during the 1st quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after acquiring an additional 14,952,875 shares during the period. State Street Corp acquired a new stake in TiVo Corporation during the 1st quarter worth about $56,025,000. Denver Investment Advisors LLC grew its holdings in TiVo Corporation by 275.5% during the 2nd quarter. Denver Investment Advisors LLC now owns 1,724,867 shares of the technology company’s stock worth $32,168,000 after acquiring an additional 1,265,563 shares during the period. Vanguard Group Inc. grew its holdings in TiVo Corporation by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 10,945,977 shares of the technology company’s stock worth $205,238,000 after acquiring an additional 910,594 shares during the period. Finally, Teachers Advisors LLC grew its holdings in TiVo Corporation by 422.1% during the 2nd quarter. Teachers Advisors LLC now owns 1,076,095 shares of the technology company’s stock worth $20,069,000 after acquiring an additional 869,972 shares during the period. Hedge funds and other institutional investors own 89.00% of the company’s stock.
A number of analysts have weighed in on TIVO shares. B. Riley reiterated a “buy” rating and set a $31.00 price target on shares of TiVo Corporation in a report on Sunday, August 6th. Cowen and Company reiterated a “buy” rating and set a $30.00 price target on shares of TiVo Corporation in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of TiVo Corporation in a report on Friday, July 7th. ValuEngine downgraded TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. TiVo Corporation has an average rating of “Buy” and a consensus price target of $26.17.
In related 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 transaction of $42,997.35. Following the sale, the insider now owns 53,405 shares of the company’s stock, valued at $969,300.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.57% of the company’s stock.
TiVo Corporation (NASDAQ:TIVO) opened at 19.50 on Thursday. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $18.39. The company has a market cap of $2.35 billion, a PE ratio of 107.73 and a beta of 0.14. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $22.05.
TiVo Corporation (NASDAQ:TIVO) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The company had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $192.72 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. TiVo Corporation’s quarterly revenue was up 66.6% on a year-over-year basis. Equities research analysts predict that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.81%. The ex-dividend date was Wednesday, September 6th. TiVo Corporation’s payout ratio is currently 240.00%.
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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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