Meeder Asset Management Inc. Raises Position in TiVo Corp (NASDAQ:TIVO)

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Meeder Asset Management Inc. raised its holdings in shares of TiVo Corp (NASDAQ:TIVO) by 806.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,066 shares of the technology company’s stock after acquiring an additional 8,066 shares during the quarter. Meeder Asset Management Inc.’s holdings in TiVo were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Resources Investment Advisors Inc. boosted its stake in shares of TiVo by 168.5% during the 1st quarter. Resources Investment Advisors Inc. now owns 3,287 shares of the technology company’s stock worth $31,000 after purchasing an additional 2,063 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in shares of TiVo by 30.4% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 13,378 shares of the technology company’s stock valued at $124,000 after acquiring an additional 3,121 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of TiVo in the 1st quarter valued at $156,000. Everence Capital Management Inc. purchased a new stake in shares of TiVo in the 1st quarter valued at $160,000. Finally, CWM Advisors LLC boosted its holdings in shares of TiVo by 39.7% in the 2nd quarter. CWM Advisors LLC now owns 23,725 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,745 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Shares of NASDAQ TIVO opened at $7.28 on Wednesday. The company’s fifty day moving average price is $7.47 and its 200 day moving average price is $8.36. TiVo Corp has a 1 year low of $6.61 and a 1 year high of $14.10. The company has a market capitalization of $930.77 million, a PE ratio of 14.56 and a beta of 0.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.06 and a current ratio of 1.06.

TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $176.17 million for the quarter, compared to the consensus estimate of $162.48 million. TiVo had a negative net margin of 52.02% and a positive return on equity of 3.17%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, equities analysts expect that TiVo Corp will post 0.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Wednesday, September 4th. TiVo’s payout ratio is 64.00%.

Several analysts have recently commented on TIVO shares. TheStreet downgraded shares of TiVo from a “c-” rating to a “d+” rating in a report on Wednesday, May 22nd. BidaskClub downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 14th. Zacks Investment Research raised shares of TiVo from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a report on Wednesday, May 15th. Finally, B. Riley set a $19.00 price target on shares of TiVo and gave the stock a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. TiVo presently has a consensus rating of “Hold” and a consensus target price of $13.63.

TiVo Company Profile

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

Read More: Why do analysts give a neutral rating?

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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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