Systematic Financial Management LP Has $10.46 Million Position in TiVo Corporation (TIVO)
Systematic Financial Management LP reduced its position in shares of TiVo Corporation (NASDAQ:TIVO) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 526,707 shares of the technology company’s stock after selling 6,804 shares during the period. Systematic Financial Management LP owned about 0.43% of TiVo Corporation worth $10,455,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIVO. Ameriprise Financial Inc. raised its stake in shares of TiVo Corporation by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 9,028,365 shares of the technology company’s stock valued at $179,212,000 after acquiring an additional 78,221 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of TiVo Corporation by 67.4% in the third quarter. Quantbot Technologies LP now owns 19,983 shares of the technology company’s stock valued at $396,000 after acquiring an additional 8,047 shares in the last quarter. Rhumbline Advisers raised its stake in shares of TiVo Corporation by 2.0% in the third quarter. Rhumbline Advisers now owns 247,988 shares of the technology company’s stock valued at $4,923,000 after acquiring an additional 4,963 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of TiVo Corporation by 60.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 45,890 shares of the technology company’s stock valued at $911,000 after acquiring an additional 17,350 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of TiVo Corporation by 4.8% in the third quarter. Sei Investments Co. now owns 194,701 shares of the technology company’s stock valued at $3,864,000 after acquiring an additional 8,861 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.
In related news, insider Dustin Finer sold 11,881 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $237,620.00. Following the transaction, the insider now owns 41,524 shares of the company’s stock, valued at $830,480. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the transaction, the executive vice president now directly owns 89,976 shares in the company, valued at approximately $1,799,520. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by insiders.
Several analysts have recently issued reports on TIVO shares. B. Riley reiterated a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a research note on Sunday, August 6th. Cowen and Company restated a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a research note on Thursday, August 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a research note on Friday, November 3rd. ValuEngine upgraded TiVo Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.60.
TiVo Corporation (NASDAQ:TIVO) traded up $1.25 on Thursday, hitting $18.90. The stock had a trading volume of 2,309,183 shares, compared to its average volume of 699,172. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.38 and a quick ratio of 2.33. TiVo Corporation has a twelve month low of $15.15 and a twelve month high of $22.00. The firm has a market capitalization of $2,470.00, a PE ratio of 23.85, a P/E/G ratio of 1.41 and a beta of 0.10.
TiVo Corporation (NASDAQ:TIVO) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). TiVo Corporation had a positive return on equity of 4.72% and a negative net margin of 5.39%. The firm had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. equities research analysts forecast that TiVo Corporation will post 1.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Tuesday, December 5th. TiVo Corporation’s dividend payout ratio (DPR) is currently -184.62%.
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TiVo Corporation 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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