American Century Companies Inc. Sells 358,569 Shares of Immersion Co. (NASDAQ:IMMR)

American Century Companies Inc. reduced its position in Immersion Co. (NASDAQ:IMMR - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 332,649 shares of the software maker's stock after selling 358,569 shares during the period. American Century Companies Inc. owned about 1.03% of Immersion worth $2,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of Immersion by 29,900.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker's stock worth $26,000 after purchasing an additional 2,990 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Immersion in the fourth quarter worth about $51,000. AlphaQuest LLC acquired a new stake in Immersion in the fourth quarter worth about $61,000. Proficio Capital Partners LLC bought a new stake in Immersion during the 4th quarter worth about $98,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Immersion by 68.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,042 shares of the software maker's stock worth $106,000 after purchasing an additional 4,897 shares during the last quarter. Institutional investors own 60.57% of the company's stock.

Insider Buying and Selling at Immersion

In other news, insider William C. Martin purchased 27,150 shares of the stock in a transaction on Thursday, March 20th. The shares were acquired at an average price of $7.55 per share, for a total transaction of $204,982.50. Following the completion of the transaction, the insider now directly owns 1,450,693 shares of the company's stock, valued at approximately $10,952,732.15. This trade represents a 1.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Toro 18 Holdings Llc purchased 59,146 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $8.49 per share, with a total value of $502,149.54. Following the completion of the purchase, the director now directly owns 11,065,848 shares of the company's stock, valued at $93,949,049.52. The trade was a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 128,934 shares of company stock worth $1,027,343 over the last three months. 5.50% of the stock is currently owned by insiders.

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Immersion Trading Up 2.1 %

IMMR stock traded up $0.15 during midday trading on Friday, hitting $7.15. The stock had a trading volume of 268,637 shares, compared to its average volume of 700,184. The firm has a market cap of $231.63 million, a P/E ratio of 2.55 and a beta of 1.50. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $7.82 and a two-hundred day moving average price of $8.39. Immersion Co. has a 1-year low of $6.47 and a 1-year high of $13.94.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.33. Immersion had a return on equity of 28.08% and a net margin of 11.79%. The firm had revenue of $474.76 million during the quarter, compared to analysts' expectations of $9.45 million. On average, sell-side analysts predict that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

Immersion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, April 14th. Immersion's dividend payout ratio is 6.47%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Craig Hallum dropped their target price on shares of Immersion from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. BWS Financial reissued a "buy" rating and set a $13.50 price target on shares of Immersion in a report on Thursday, March 13th.

About Immersion

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.