Eagle Boston Investment Management Inc. raised its stake in shares of TiVo Corporation (NASDAQ:TIVO) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 258,371 shares of the technology company’s stock after buying an additional 9,105 shares during the period. Eagle Boston Investment Management Inc. owned approximately 0.22% of TiVo Corporation worth $4,818,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TIVO. BlackRock Inc. increased its position in shares of TiVo Corporation by 62,480.7% in the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock valued at $280,814,000 after buying an additional 14,952,875 shares during the period. Shelton Capital Management acquired a new position in shares of TiVo Corporation during the first quarter valued at approximately $210,000. Tributary Capital Management LLC increased its position in shares of TiVo Corporation by 10.4% in the first quarter. Tributary Capital Management LLC now owns 77,300 shares of the technology company’s stock valued at $1,449,000 after buying an additional 7,300 shares during the period. Tyers Asset Management LLC increased its position in shares of TiVo Corporation by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock valued at $102,000 after buying an additional 140 shares during the period. Finally, FMR LLC increased its position in shares of TiVo Corporation by 4.3% in the first quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock valued at $105,453,000 after buying an additional 233,670 shares during the period. 88.98% of the stock is currently owned by institutional investors.

TiVo Corporation (NASDAQ:TIVO) opened at 18.30 on Friday. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $23.40. The company has a market cap of $2.20 billion, a P/E ratio of 101.10 and a beta of 0.16. The stock’s 50 day moving average price is $18.68 and its 200-day moving average price is $18.47.

TiVo Corporation (NASDAQ:TIVO) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a return on equity of 10.59% and a net margin of 2.47%. The business had revenue of $208.60 million during the quarter, compared to analysts’ expectations of $192.72 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up 66.6% on a year-over-year basis. On average, equities analysts predict that TiVo Corporation will post $0.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.93%. TiVo Corporation’s payout ratio is presently 240.00%.

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Several equities analysts have commented on TIVO shares. Cowen and Company reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of TiVo Corporation in a research report on Thursday, May 4th. Zacks Investment Research raised TiVo Corporation from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, May 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price objective on shares of TiVo Corporation in a research report on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a research report on Friday, July 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a research report on Wednesday, June 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TiVo Corporation presently has a consensus rating of “Buy” and an average target price of $26.17.

In other news, insider Dustin Finer sold 2,369 shares of TiVo Corporation stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total value of $42,997.35. Following the completion of the sale, the insider now directly owns 53,405 shares of the company’s stock, valued at $969,300.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.57% of the company’s stock.

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.

Institutional Ownership by Quarter for TiVo Corporation (NASDAQ:TIVO)

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