Blair William & Co. IL reduced its holdings in TiVo Corp (NASDAQ:TIVO) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,658 shares of the technology company’s stock after selling 16,312 shares during the period. Blair William & Co. IL owned 0.09% of TiVo worth $1,452,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TIVO. BlackRock Inc. grew its position in shares of TiVo by 3.3% in the 3rd quarter. BlackRock Inc. now owns 16,952,639 shares of the technology company’s stock valued at $211,061,000 after acquiring an additional 546,090 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of TiVo in the 2nd quarter valued at about $33,961,000. Bank of New York Mellon Corp grew its position in shares of TiVo by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,488,966 shares of the technology company’s stock valued at $30,988,000 after acquiring an additional 86,649 shares during the period. Northern Trust Corp grew its position in shares of TiVo by 0.9% in the 2nd quarter. Northern Trust Corp now owns 2,453,777 shares of the technology company’s stock valued at $33,002,000 after acquiring an additional 21,439 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of TiVo by 6.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,078,048 shares of the technology company’s stock valued at $25,872,000 after acquiring an additional 118,284 shares during the period. Hedge funds and other institutional investors own 92.18% of the company’s stock.
A number of research analysts have recently commented on TIVO shares. BidaskClub raised shares of TiVo from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. ValuEngine downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Zacks Investment Research raised shares of TiVo from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, November 16th. Finally, B. Riley lifted their price objective on shares of TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.50.
Shares of TIVO opened at $9.75 on Friday. TiVo Corp has a one year low of $9.43 and a one year high of $16.20. The stock has a market capitalization of $1.20 billion, a PE ratio of 9.95 and a beta of -0.25. The company has a quick ratio of 3.49, a current ratio of 3.55 and a debt-to-equity ratio of 0.55.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.44). The firm had revenue of $164.70 million during the quarter, compared to the consensus estimate of $166.85 million. TiVo had a negative net margin of 5.76% and a positive return on equity of 4.65%. The business’s revenue was down 16.8% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, research analysts forecast that TiVo Corp will post 0.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.38%. The ex-dividend date is Wednesday, December 5th. TiVo’s payout ratio is 73.47%.
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TiVo Company Profile
TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.
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