Schwab Charles Investment Management Inc. Buys 78,884 Shares of TiVo Corp (TIVO)

Schwab Charles Investment Management Inc. grew its stake in shares of TiVo Corp (NASDAQ:TIVO) by 9.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 917,269 shares of the technology company’s stock after acquiring an additional 78,884 shares during the period. Schwab Charles Investment Management Inc. owned about 0.75% of TiVo worth $18,208,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TIVO. PNC Financial Services Group Inc. lifted its position in shares of TiVo by 17.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,239 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of TiVo by 8.3% during 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. Riverhead Capital Management LLC lifted its position in shares of TiVo by 73.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,287 shares of the technology company’s stock valued at $211,000 after acquiring an additional 4,787 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of TiVo by 73.7% in the second quarter. Flinton Capital Management LLC now owns 11,458 shares of the technology company’s stock valued at $214,000 after purchasing an additional 4,862 shares in the last quarter. Finally, Shelton Capital Management lifted its holdings in shares of TiVo by 7.4% in the second quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock valued at $224,000 after purchasing an additional 824 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Shares of TiVo Corp (NASDAQ:TIVO) opened at $14.45 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.53. TiVo Corp has a 1-year low of $14.10 and a 1-year high of $21.75. The stock has a market capitalization of $1,745.37, a price-to-earnings ratio of 19.32, a PEG ratio of 1.14 and a beta of 0.11.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). TiVo 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 analysts’ expectations of $190.83 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. TiVo’s revenue was up 29.3% on a year-over-year basis. sell-side analysts expect that TiVo Corp will post 1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 4.98%. TiVo’s dividend payout ratio is -184.62%.

In related news, insider Dustin Finer sold 11,881 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $237,620.00. Following the completion of the sale, the insider now directly owns 41,524 shares in the company, valued at $830,480. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the sale, the executive vice president now owns 89,976 shares of the company’s stock, valued at $1,799,520. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on TIVO shares. B. Riley restated a “buy” rating and issued a $31.00 target price on shares of TiVo in a report on Monday, October 30th. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 target price on shares of TiVo in a report on Friday, November 3rd. Cowen restated a “buy” rating and issued a $30.00 target price on shares of TiVo in a report on Friday, September 8th. Jefferies Group restated a “buy” rating and issued a $18.00 target price on shares of TiVo in a report on Thursday, September 21st. Finally, ValuEngine upgraded TiVo from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.75.

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About TiVo

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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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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