Barclays PLC Raises Stake in IDT Co. (NYSE:IDT)

Barclays PLC lifted its holdings in shares of IDT Co. (NYSE:IDT - Free Report) by 78.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,283 shares of the utilities provider's stock after acquiring an additional 21,217 shares during the period. Barclays PLC owned 0.19% of IDT worth $2,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IDT. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IDT by 35.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after buying an additional 632 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of IDT during the fourth quarter worth approximately $129,000. New Age Alpha Advisors LLC purchased a new position in shares of IDT during the fourth quarter worth approximately $134,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of IDT in the 4th quarter valued at $200,000. Finally, Raymond James Financial Inc. purchased a new stake in IDT in the 4th quarter valued at $201,000. 59.34% of the stock is owned by institutional investors and hedge funds.

IDT Stock Up 1.2 %

IDT stock traded up $0.63 during trading on Tuesday, hitting $52.88. The company had a trading volume of 121,815 shares, compared to its average volume of 95,062. The firm has a 50-day moving average price of $49.54 and a 200-day moving average price of $48.94. The firm has a market cap of $1.33 billion, a PE ratio of 18.11 and a beta of 0.69. 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 released its earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%. The business had revenue of $303.35 million for the quarter.

IDT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from IDT's previous quarterly dividend of $0.05. IDT's dividend payout ratio (DPR) is 7.62%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CTO David Wartell sold 10,735 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 25.32% of the company's stock.

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.