People s United Financial Inc. Has $1.33 Million Holdings in TiVo Corporation (TIVO)
People s United Financial Inc. raised its position in TiVo Corporation (NASDAQ:TIVO) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,188 shares of the technology company’s stock after acquiring an additional 276 shares during the quarter. People s United Financial Inc. owned approximately 0.06% of TiVo Corporation worth $1,328,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of TiVo Corporation by 156.6% during the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after acquiring an additional 3,849 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of TiVo Corporation by 27.0% during the first quarter. Wells Fargo & Company MN now owns 207,771 shares of the technology company’s stock worth $3,896,000 after purchasing an additional 44,236 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of TiVo Corporation by 3.3% during 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 purchasing an additional 51,040 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of TiVo Corporation by 28.7% during the first quarter. BNP Paribas Arbitrage SA now owns 30,203 shares of the technology company’s stock worth $566,000 after purchasing an additional 6,744 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of TiVo Corporation by 37.6% during the first quarter. UBS Asset Management Americas Inc. now owns 69,704 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 19,061 shares during the period. Hedge funds and other institutional investors own 89.00% of the company’s stock.
Shares of TiVo Corporation (TIVO) remained flat at $19.85 during mid-day trading on Tuesday. The stock had a trading volume of 11,659 shares. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 109.67 and a beta of 0.18. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $22.05. The firm has a 50-day moving average price of $18.62 and a 200-day moving average price of $18.45.
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 consensus estimate of $0.10 by $0.20. The business had revenue of $208.60 million during 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%. The business’s revenue for the quarter was up 66.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, analysts expect that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.72 dividend on an annualized basis and a yield of 3.63%. TiVo Corporation’s payout ratio is 240.00%.
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TIVO has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a research note on Wednesday, June 14th. Cowen and Company reaffirmed an “outperform” rating and set a $30.00 price target on shares of TiVo Corporation in a research report on Wednesday, June 28th. 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 reiterated a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a report on Friday, July 7th. Finally, ValuEngine cut TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.17.
In other TiVo Corporation 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 directly owns 53,405 shares of the company’s stock, valued at approximately $969,300.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.57% of the company’s stock.
TiVo Corporation 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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