Vise Technologies Inc. Purchases Shares of 16,987 Tim S.A. (NYSE:TIMB)

Vise Technologies Inc. acquired a new stake in Tim S.A. (NYSE:TIMB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,987 shares of the company's stock, valued at approximately $200,000.

A number of other institutional investors also recently modified their holdings of the company. Voloridge Investment Management LLC acquired a new stake in TIM during the fourth quarter worth approximately $949,000. Two Sigma Advisers LP boosted its holdings in shares of TIM by 5.2% during the 4th quarter. Two Sigma Advisers LP now owns 58,700 shares of the company's stock worth $690,000 after buying an additional 2,900 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of TIM during the 4th quarter worth approximately $54,000. Quantinno Capital Management LP boosted its stake in TIM by 10.3% during the fourth quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock worth $228,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Millennium Management LLC increased its stake in TIM by 68.8% in the fourth quarter. Millennium Management LLC now owns 34,106 shares of the company's stock valued at $401,000 after purchasing an additional 13,905 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TIMB shares. Barclays set a $17.50 price objective on shares of TIM in a research report on Wednesday, May 7th. Scotiabank cut their price target on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their price target on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research note on Wednesday, April 30th.

TIM Stock Up 1.8%

NYSE:TIMB traded up $0.32 during trading hours on Tuesday, hitting $17.55. 261,335 shares of the company traded hands, compared to its average volume of 499,741. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The company has a market cap of $8.50 billion, a PE ratio of 14.87, a PEG ratio of 0.67 and a beta of 0.60. The firm's 50-day simple moving average is $16.30 and its 200-day simple moving average is $14.44. Tim S.A. has a one year low of $11.32 and a one year high of $17.83.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. TIM had a net margin of 12.24% and a return on equity of 11.91%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $6.38 billion. Equities analysts predict that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be given a $0.1086 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio is currently 68.00%.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.