Driehaus Capital Management LLC lowered its position in shares of TiVo Corp (NASDAQ:TIVO) by 33.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,563,610 shares of the technology company’s stock after selling 770,610 shares during the period. TiVo accounts for 0.9% of Driehaus Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Driehaus Capital Management LLC owned about 1.28% of TiVo worth $24,392,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in TiVo by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock valued at $209,000 after acquiring an additional 856 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of TiVo by 1.2% in the 3rd quarter. California Public Employees Retirement System now owns 292,684 shares of the technology company’s stock valued at $5,810,000 after purchasing an additional 3,400 shares during the period. Legal & General Group Plc increased its holdings in shares of TiVo by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 235,749 shares of the technology company’s stock valued at $4,675,000 after purchasing an additional 3,649 shares during the period. Washington Capital Management Inc. increased its holdings in shares of TiVo by 16.5% in the 4th quarter. Washington Capital Management Inc. now owns 26,800 shares of the technology company’s stock valued at $418,000 after purchasing an additional 3,800 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of TiVo by 16.4% in the 3rd quarter. Aperio Group LLC now owns 29,158 shares of the technology company’s stock valued at $579,000 after purchasing an additional 4,104 shares during the period. Institutional investors and hedge funds own 92.23% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research raised TiVo from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. BWS Financial started coverage on TiVo in a research report on Wednesday, February 28th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, B. Riley raised their target price on TiVo from $18.00 to $19.50 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.50.
Shares of TiVo Corp (TIVO) traded up $0.05 during mid-day trading on Wednesday, reaching $14.70. The company had a trading volume of 718,465 shares, compared to its average volume of 1,382,894. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.48 and a current ratio of 2.54. TiVo Corp has a 1 year low of $12.75 and a 1 year high of $20.17. The firm has a market capitalization of $1,820.00, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 1.18 and a beta of -0.17.
TiVo (NASDAQ:TIVO) last issued its earnings results on Tuesday, February 27th. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). TiVo had a positive return on equity of 4.02% and a negative net margin of 4.59%. The company had revenue of $214.24 million for the quarter, compared to the consensus estimate of $212.24 million. analysts expect that TiVo Corp will post 1.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, March 6th. TiVo’s dividend payout ratio is presently 218.18%.
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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