HL Financial Services LLC raised its stake in shares of TiVo Corporation (NASDAQ:TIVO) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,348 shares of the technology company’s stock after buying an additional 13,102 shares during the period. HL Financial Services LLC owned 0.14% of TiVo Corporation worth $3,028,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position 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 period. Shelton Capital Management acquired a new position in TiVo Corporation during the first quarter valued at approximately $210,000. Tributary Capital Management LLC raised its position 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 period. Tyers Asset Management LLC raised its position 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 period. Finally, FMR LLC raised its position in TiVo Corporation by 4.3% in the first quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock valued at $105,453,000 after buying an additional 233,670 shares during the period. Institutional investors and hedge funds own 88.56% of the company’s stock.
TiVo Corporation (TIVO) remained flat at $18.10 on Friday. The stock had a trading volume of 649,696 shares. The firm has a market cap of $2.18 billion, a PE ratio of 100.00 and a beta of 0.16. The company’s 50-day moving average is $18.73 and its 200 day moving average is $18.50. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $23.40.
TiVo Corporation (NASDAQ:TIVO) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ 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 prior year, the company posted $0.45 earnings per share. TiVo Corporation’s revenue for the quarter was up 66.6% compared to the same quarter last year. On average, analysts forecast that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.72 dividend on an annualized basis and a yield of 3.98%. TiVo Corporation’s payout ratio is currently 240.00%.
COPYRIGHT VIOLATION WARNING: “HL Financial Services LLC Purchases 13,102 Shares of TiVo Corporation (TIVO)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/19/hl-financial-services-llc-increases-position-in-tivo-corporation-tivo-updated.html.
Several research firms have recently issued reports on TIVO. Cowen and Company restated an “outperform” rating and issued a $30.00 target price on shares of TiVo Corporation in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of TiVo Corporation from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Tuesday, May 16th. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 target price on shares of TiVo Corporation in a report on Tuesday, May 30th. Jefferies Group LLC restated a “buy” rating and issued a $18.00 target price on shares of TiVo Corporation in a report on Friday, July 7th. Finally, ValuEngine lowered shares of TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.17.
In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the company’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 transaction, the insider now owns 53,405 shares of the company’s stock, valued at $969,300.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.57% of the company’s stock.
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.
Receive News & Ratings for TiVo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
