California Public Employees Retirement System Purchases 8,100 Shares of TiVo Corp (TIVO)
California Public Employees Retirement System raised its position in shares of TiVo Corp (NASDAQ:TIVO) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 300,784 shares of the technology company’s stock after purchasing an additional 8,100 shares during the period. California Public Employees Retirement System’s holdings in TiVo were worth $4,692,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TIVO. Smith Graham & Co. Investment Advisors LP lifted its position in TiVo by 64.0% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 1,134,945 shares of the technology company’s stock valued at $17,705,000 after buying an additional 442,971 shares during the period. Neuberger Berman Group LLC lifted its position in TiVo by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 2,627,610 shares of the technology company’s stock valued at $52,158,000 after buying an additional 232,034 shares during the period. WINTON GROUP Ltd purchased a new position in TiVo during the third quarter valued at $3,564,000. Heartland Advisors Inc. lifted its position in TiVo by 25.0% during the fourth quarter. Heartland Advisors Inc. now owns 750,000 shares of the technology company’s stock valued at $11,700,000 after buying an additional 150,000 shares during the period. Finally, Rothschild Asset Management Inc. lifted its position in TiVo by 13.5% during the third quarter. Rothschild Asset Management Inc. now owns 1,178,716 shares of the technology company’s stock valued at $23,398,000 after buying an additional 139,864 shares during the period. 92.23% of the stock is owned by institutional investors and hedge funds.
TIVO has been the subject of several analyst reports. Zacks Investment Research downgraded TiVo from a “hold” rating to a “strong sell” rating in a report on Friday, January 5th. B. Riley downgraded TiVo from a “buy” rating to a “neutral” rating and reduced their price target for the company from $24.00 to $18.00 in a report on Wednesday, December 13th. Finally, BWS Financial initiated coverage on TiVo in a report on Monday, January 22nd. They set a “buy” rating and a $25.00 price target for the company. 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 has an average rating of “Buy” and a consensus price target of $23.50.
TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). TiVo had a negative net margin of 4.59% and a positive return on equity of 4.02%. The company had revenue of $214.24 million for the quarter, compared to the consensus estimate of $212.24 million. sell-side analysts anticipate that TiVo Corp will post 1.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 4.91%. TiVo’s payout ratio is -225.00%.
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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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