State Street Corp lifted its position in shares of Immersion Co. (NASDAQ:IMMR – Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 681,414 shares of the software maker’s stock after acquiring an additional 6,990 shares during the quarter. State Street Corp’s holdings in Immersion were worth $6,078,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in IMMR. Bank of New York Mellon Corp boosted its position in shares of Immersion by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,358 shares of the software maker’s stock valued at $3,165,000 after acquiring an additional 21,813 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Immersion by 12.3% in the 2nd quarter. Principal Financial Group Inc. now owns 57,340 shares of the software maker’s stock valued at $540,000 after buying an additional 6,263 shares during the period. Hanseatic Management Services Inc. acquired a new position in shares of Immersion during the second quarter worth $501,000. Rhumbline Advisers boosted its holdings in shares of Immersion by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 50,670 shares of the software maker’s stock valued at $477,000 after buying an additional 1,322 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Immersion by 151.3% in the second quarter. Los Angeles Capital Management LLC now owns 209,675 shares of the software maker’s stock valued at $1,973,000 after buying an additional 126,247 shares during the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, BWS Financial reissued a “buy” rating and set a $13.50 target price on shares of Immersion in a research note on Wednesday, December 18th.
Immersion Trading Down 2.1 %
Shares of IMMR opened at $9.00 on Friday. The stock has a fifty day moving average of $8.80 and a two-hundred day moving average of $9.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. Immersion Co. has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The company has a market capitalization of $290.48 million, a PE ratio of 4.39 and a beta of 1.51.
Immersion (NASDAQ:IMMR – Get Free Report) last released its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. As a group, analysts forecast that Immersion Co. will post 1.96 EPS for the current year.
Immersion Dividend Announcement
The company also recently disclosed a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio (DPR) is presently 6.43%.
Immersion Company Profile
Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.
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