IDT Co. (NYSE:IDT) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in IDT Co. (NYSE:IDT - Free Report) by 78.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,283 shares of the utilities provider's stock after purchasing an additional 21,217 shares during the period. Barclays PLC owned about 0.19% of IDT worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in IDT. JPMorgan Chase & Co. lifted its stake in IDT by 101.5% in the fourth quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider's stock worth $5,351,000 after acquiring an additional 56,738 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in IDT by 76.3% during the 4th quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider's stock worth $5,300,000 after buying an additional 48,288 shares during the last quarter. Norges Bank acquired a new position in shares of IDT during the 4th quarter worth about $2,172,000. Teacher Retirement System of Texas increased its holdings in shares of IDT by 163.8% in the 4th quarter. Teacher Retirement System of Texas now owns 47,349 shares of the utilities provider's stock valued at $2,250,000 after acquiring an additional 29,399 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of IDT during the 4th quarter worth about $1,018,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of IDT from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

IDT Stock Up 3.0 %

IDT traded up $1.55 on Friday, reaching $52.44. The company had a trading volume of 104,129 shares, compared to its average volume of 94,711. The stock has a 50-day moving average price of $49.40 and a 200-day moving average price of $48.85. The stock has a market capitalization of $1.32 billion, a PE ratio of 17.96 and a beta of 0.58. IDT Co. has a 1 year low of $33.84 and a 1 year high of $58.77.

IDT (NYSE:IDT - Get Free Report) last announced its earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. The firm had revenue of $303.35 million during the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were given a dividend of $0.06 per share. This is an increase from IDT's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 17th. IDT's dividend payout ratio (DPR) is presently 7.62%.

Insider Buying and Selling at IDT

In related news, CTO David Wartell sold 10,735 shares of IDT stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 25.32% of the stock is currently owned by company insiders.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.