QS Investors LLC Continues to Hold Stake in TiVo Corporation (TIVO)
QS Investors LLC held its stake in shares of TiVo Corporation (NASDAQ:TIVO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 230,820 shares of the technology company’s stock at the close of the 2nd quarter. QS Investors LLC owned about 0.19% of TiVo Corporation worth $4,305,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its stake in shares of TiVo Corporation by 62,480.7% in the first 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. Vanguard Group Inc. raised its holdings in shares of TiVo Corporation by 1.7% during the second quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock worth $207,547,000 after purchasing an additional 182,567 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of TiVo Corporation by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock worth $166,918,000 after purchasing an additional 590,818 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TiVo Corporation by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,569,853 shares of the technology company’s stock worth $141,935,000 after purchasing an additional 384,440 shares during the last quarter. Finally, FMR LLC lifted its position in TiVo Corporation by 4.3% during the first quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock valued at $105,453,000 after purchasing an additional 233,670 shares during the period. Institutional investors and hedge funds own 89.00% of the company’s stock.
In related news, insider Dustin Finer sold 2,369 shares of TiVo Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $18.15, for a total value of $42,997.35. Following 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 legal filing with the SEC, which is accessible through this link. 3.57% of the stock is owned by company insiders.
Shares of TiVo Corporation (NASDAQ TIVO) opened at 19.85 on Tuesday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 109.67 and a beta of 0.18. The stock’s 50 day moving average is $18.62 and its 200 day moving average is $18.45. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $22.05.
TiVo Corporation (NASDAQ:TIVO) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate 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%. The company’s revenue was up 66.6% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. On average, equities analysts forecast that TiVo Corporation will post $0.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, September 6th. TiVo Corporation’s dividend payout ratio (DPR) is presently 240.00%.
A number of research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $31.00 target price on shares of TiVo Corporation in a research report on Sunday, August 6th. ValuEngine raised TiVo Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price objective on shares of TiVo Corporation in a research note on Friday, July 7th. Cowen and Company reiterated an “outperform” rating and set a $30.00 price objective on shares of TiVo Corporation in a research note on Wednesday, June 28th. Finally, Zacks Investment Research cut TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. TiVo Corporation currently has a consensus rating of “Buy” and an average price target of $26.17.
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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