TiVo Corporation (TIVO) Holdings Boosted by Northern Trust Corp

Northern Trust Corp raised its position in TiVo Corporation (NASDAQ:TIVO) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,258,542 shares of the technology company’s stock after purchasing an additional 195,644 shares during the quarter. Northern Trust Corp owned about 1.88% of TiVo Corporation worth $42,121,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in TiVo Corporation by 62,480.7% in the 1st quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock valued at $280,814,000 after purchasing an additional 14,952,875 shares during the last quarter. Vanguard Group Inc. boosted its holdings in TiVo Corporation by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 10,945,977 shares of the technology company’s stock valued at $205,238,000 after purchasing an additional 910,594 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in TiVo Corporation by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock valued at $166,918,000 after purchasing an additional 590,818 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in TiVo Corporation by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,569,853 shares of the technology company’s stock valued at $141,935,000 after purchasing an additional 384,440 shares during the last quarter. Finally, FMR LLC boosted its holdings in TiVo Corporation by 4.3% in the 1st quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock valued at $105,453,000 after purchasing an additional 233,670 shares during the last quarter. Institutional investors own 89.00% of the company’s stock.

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In other TiVo Corporation news, EVP Pamela A. Sergeeff sold 3,147 shares of TiVo Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $62,940.00. Following the transaction, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at $1,799,520. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Dustin Finer sold 11,881 shares of TiVo Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $237,620.00. Following the transaction, the insider now directly owns 41,524 shares in the company, valued at $830,480. The disclosure for this sale can be found here. Insiders sold 17,397 shares of company stock worth $343,557 over the last three months. Corporate insiders own 3.57% of the company’s stock.

Several equities analysts have weighed in on TIVO shares. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a report on Wednesday, June 14th. Cowen and Company reiterated an “outperform” rating and issued a $30.00 target price on shares of TiVo Corporation in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 target price on shares of TiVo Corporation in a report on Friday, July 7th. Finally, ValuEngine lowered shares of TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TiVo Corporation has an average rating of “Buy” and an average price target of $27.60.

TiVo Corporation (NASDAQ:TIVO) opened at 19.60 on Wednesday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 108.29 and a beta of 0.18. The stock has a 50 day moving average of $18.84 and a 200 day moving average of $18.52. TiVo Corporation has a one year low of $15.15 and a one year high of $22.05.

TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The business had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $192.72 million. During the same period last year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 66.6% on a year-over-year basis. Analysts forecast that TiVo Corporation will post $0.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.72 annualized dividend and a dividend yield of 3.67%. TiVo Corporation’s dividend payout ratio is presently 240.00%.

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.

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

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