Bank of New York Mellon Corp increased its position in shares of TiVo Corp (NASDAQ:TIVO) by 54.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,386,223 shares of the technology company’s stock after acquiring an additional 845,257 shares during the period. Bank of New York Mellon Corp owned about 1.96% of TiVo worth $37,225,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in shares of TiVo by 8.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock worth $209,000 after acquiring an additional 856 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of TiVo by 1.2% during the third quarter. California Public Employees Retirement System now owns 292,684 shares of the technology company’s stock worth $5,810,000 after acquiring an additional 3,400 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of TiVo by 1.6% during the third quarter. Legal & General Group Plc now owns 235,749 shares of the technology company’s stock worth $4,675,000 after acquiring an additional 3,649 shares in the last quarter. Washington Capital Management Inc. raised its holdings in shares of TiVo by 16.5% during the fourth quarter. Washington Capital Management Inc. now owns 26,800 shares of the technology company’s stock worth $418,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of TiVo by 16.4% during the third quarter. Aperio Group LLC now owns 29,158 shares of the technology company’s stock worth $579,000 after acquiring an additional 4,104 shares in the last quarter. Institutional investors and hedge funds own 92.23% of the company’s stock.
Shares of TiVo Corp (NASDAQ TIVO) opened at $14.95 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 2.48 and a debt-to-equity ratio of 0.53. TiVo Corp has a 1-year low of $12.75 and a 1-year high of $20.17. The stock has a market capitalization of $1,850.00, a price-to-earnings ratio of 45.30, a P/E/G ratio of 1.18 and a beta of -0.17.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 4.82%. TiVo’s dividend payout ratio (DPR) is currently 218.18%.
Several brokerages recently issued reports on TIVO. Zacks Investment Research upgraded TiVo from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. BWS Financial began coverage on TiVo in a report on Wednesday, February 28th. They set a “buy” rating and a $25.00 price objective for the company. Finally, B. Riley increased their price objective on TiVo from $18.00 to $19.50 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.50.
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TiVo 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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