BlackRock Inc. grew its position in shares of TiVo Corp (NASDAQ:TIVO) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,835,515 shares of the technology company’s stock after acquiring an additional 554,404 shares during the quarter. BlackRock Inc. owned about 12.97% of TiVo worth $247,034,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in TIVO. Bank of New York Mellon Corp increased its stake in TiVo by 54.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,386,223 shares of the technology company’s stock worth $37,225,000 after acquiring an additional 845,257 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake 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 worth $17,705,000 after acquiring an additional 442,971 shares during the last quarter. Wells Fargo & Company MN increased its stake in TiVo by 102.6% during the fourth quarter. Wells Fargo & Company MN now owns 537,476 shares of the technology company’s stock worth $8,385,000 after acquiring an additional 272,164 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of TiVo by 9.7% in 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 in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of TiVo in the third quarter valued at about $3,564,000. Institutional investors own 92.23% of the company’s stock.
A number of equities research analysts have recently issued reports on TIVO shares. BWS Financial started coverage on TiVo in a research note on Monday, January 22nd. They issued a “buy” rating and a $25.00 target price for the company. B. Riley lowered their target price on TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 4th. Finally, Zacks Investment Research upgraded TiVo from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.50.
TiVo (NASDAQ:TIVO) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $212.24 million. analysts expect that TiVo Corp will post 1.27 EPS for the current year.
The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Tuesday, March 6th. TiVo’s dividend payout ratio is currently 218.18%.
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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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