First Trust Advisors LP lifted its stake in shares of TiVo Corp (NASDAQ:TIVO) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,371 shares of the technology company’s stock after acquiring an additional 28,962 shares during the quarter. First Trust Advisors LP owned approximately 0.22% of TiVo worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley raised its position in shares of TiVo by 27.4% during the third quarter. Morgan Stanley now owns 1,144,718 shares of the technology company’s stock worth $14,251,000 after acquiring an additional 246,287 shares during the last quarter. B. Riley Financial Inc. raised its position in shares of TiVo by 136.5% during the fourth quarter. B. Riley Financial Inc. now owns 83,179 shares of the technology company’s stock worth $783,000 after acquiring an additional 48,007 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of TiVo by 3.5% during the third quarter. Wells Fargo & Company MN now owns 561,095 shares of the technology company’s stock worth $6,986,000 after acquiring an additional 19,194 shares during the last quarter. Vanguard Group Inc. raised its position in shares of TiVo by 2.5% during the third quarter. Vanguard Group Inc. now owns 12,440,309 shares of the technology company’s stock worth $154,881,000 after acquiring an additional 298,255 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of TiVo during the third quarter worth about $453,000. Institutional investors own 93.31% of the company’s stock.
Shares of TiVo stock opened at $9.29 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.41. TiVo Corp has a 52 week low of $8.73 and a 52 week high of $15.32. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.58 and a beta of -0.05.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Tuesday, February 26th. The technology company reported ($2.33) EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($2.61). TiVo had a negative net margin of 50.20% and a positive return on equity of 3.73%. The firm had revenue of $168.46 million during the quarter, compared to analyst estimates of $173.68 million. During the same period last year, the business posted $0.47 EPS. The company’s revenue was down 21.4% on a year-over-year basis. As a group, research analysts predict that TiVo Corp will post 0.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $0.72 dividend on an annualized basis and a yield of 7.75%. TiVo’s dividend payout ratio (DPR) is presently 144.00%.
A number of equities research analysts have weighed in on TIVO shares. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Zacks Investment Research downgraded TiVo from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, ValuEngine downgraded TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.67.
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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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