Bbva Compass Bancshares Inc. Has $198,000 Position in TiVo Corporation (NASDAQ:TIVO)
Bbva Compass Bancshares Inc. boosted its stake in shares of TiVo Corporation (NASDAQ:TIVO) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,594 shares of the technology company’s stock after buying an additional 120 shares during the period. Bbva Compass Bancshares Inc.’s holdings in TiVo Corporation were worth $198,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in TiVo Corporation during the first quarter valued at approximately $143,000. Jennison Associates LLC raised its stake in shares of TiVo Corporation by 5.4% in the first quarter. Jennison Associates LLC now owns 852,314 shares of the technology company’s stock worth $15,981,000 after buying an additional 43,661 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of TiVo Corporation by 27.0% in the first quarter. Wells Fargo & Company MN now owns 207,771 shares of the technology company’s stock worth $3,896,000 after buying an additional 44,236 shares during the last quarter. NJ State Employees Deferred Compensation Plan raised its stake in shares of TiVo Corporation by 59.7% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 34,758 shares of the technology company’s stock worth $652,000 after buying an additional 13,000 shares during the last quarter. Finally, Hollencrest Securities LLC raised its stake in shares of TiVo Corporation by 12.5% in the first quarter. Hollencrest Securities LLC now owns 18,000 shares of the technology company’s stock worth $337,000 after buying an additional 2,000 shares during the last quarter. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TiVo Corporation (NASDAQ TIVO) opened at 18.20 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 100.55 and a beta of 0.16. TiVo Corporation has a 12 month low of $15.15 and a 12 month high of $23.40. The firm has a 50-day moving average price of $18.82 and a 200-day moving average price of $18.55.
TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.20. The company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. TiVo Corporation’s revenue was up 66.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Equities analysts expect that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is currently 240.00%.
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TIVO has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a research report on Thursday, May 4th. Cowen and Company reissued an “outperform” rating and issued a $30.00 target price on shares of TiVo Corporation in a research report on Tuesday, May 30th. Zacks Investment Research raised TiVo Corporation from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, May 16th. ValuEngine lowered TiVo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $18.00 target price on shares of TiVo Corporation in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. TiVo Corporation has an average rating of “Buy” and a consensus price target of $26.17.
About TiVo Corporation
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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