OppenheimerFunds Inc. reduced its position in TiVo Corp (NASDAQ:TIVO) by 16.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,512 shares of the technology company’s stock after selling 6,822 shares during the period. OppenheimerFunds Inc.’s holdings in TiVo were worth $454,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its position in TiVo by 0.8% in the 1st quarter. BlackRock Inc. now owns 15,960,628 shares of the technology company’s stock worth $216,268,000 after purchasing an additional 125,113 shares during the last quarter. Denver Investment Advisors LLC increased its holdings in shares of TiVo by 1.5% during the 1st quarter. Denver Investment Advisors LLC now owns 2,728,483 shares of the technology company’s stock valued at $36,971,000 after acquiring an additional 41,153 shares during the last quarter. Northern Trust Corp increased its holdings in shares of TiVo by 2.9% during the 1st quarter. Northern Trust Corp now owns 2,432,338 shares of the technology company’s stock valued at $32,957,000 after acquiring an additional 69,364 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of TiVo by 54.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,386,223 shares of the technology company’s stock valued at $37,225,000 after acquiring an additional 845,257 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of TiVo by 3.5% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,383,812 shares of the technology company’s stock valued at $32,301,000 after acquiring an additional 81,707 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on TIVO shares. Zacks Investment Research raised TiVo from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub raised TiVo from a “strong sell” rating to a “sell” rating in a report on Saturday, April 7th. Finally, ValuEngine raised TiVo from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 8th. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.50.
Shares of NASDAQ TIVO opened at $13.65 on Friday. The company has a current ratio of 3.34, a quick ratio of 3.25 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.71 billion, a PE ratio of 13.93, a P/E/G ratio of 2.17 and a beta of -0.25. TiVo Corp has a 52 week low of $12.25 and a 52 week high of $20.17.
TiVo (NASDAQ:TIVO) last issued its quarterly earnings data on Thursday, May 10th. The technology company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). TiVo had a negative net margin of 2.59% and a positive return on equity of 4.09%. The company had revenue of $189.80 million for the quarter, compared to analyst estimates of $195.72 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue was down 7.8% on a year-over-year basis. research analysts expect that TiVo Corp will post 0.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Wednesday, June 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, June 5th. This represents a $0.72 annualized dividend and a yield of 5.27%. TiVo’s payout ratio is 73.47%.
TiVo Company Profile
TiVo Corporation provides entertainment technology and audience insights worldwide. Its Intellectual Property Licensing segment licenses its patent portfolio to multi-channel video service providers, including cable, satellite, and Internet-protocol television providers; set-top box manufacturers; and interactive television software and program guide providers in the online, over-the-top (OTT) video, and mobile phone businesses, as well as consumer electronics (CE) manufacturers.
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