Deutsche Bank AG Acquires 80,817 Shares of IDT Co. (NYSE:IDT)

Deutsche Bank AG boosted its position in IDT Co. (NYSE:IDT - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,616 shares of the utilities provider's stock after acquiring an additional 80,817 shares during the period. Deutsche Bank AG owned 1.31% of IDT worth $15,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of IDT by 35.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after purchasing an additional 632 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of IDT during the 4th quarter valued at about $129,000. New Age Alpha Advisors LLC bought a new position in shares of IDT during the 4th quarter valued at about $134,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of IDT during the 4th quarter valued at about $180,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of IDT during the 4th quarter valued at about $200,000. 59.34% of the stock is owned by institutional investors.

Insider Transactions at IDT

In related news, CTO David Wartell sold 10,735 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total value of $525,907.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 25.32% of the company's stock.

IDT Stock Performance

NYSE IDT traded up $1.04 during trading on Monday, hitting $61.86. The stock had a trading volume of 122,225 shares, compared to its average volume of 98,201. The company has a market capitalization of $1.56 billion, a PE ratio of 21.18 and a beta of 0.69. The company's 50-day moving average price is $50.91 and its two-hundred day moving average price is $49.52. IDT Co. has a 12 month low of $33.84 and a 12 month high of $61.96.

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

IDT Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, March 17th. This is a boost from IDT's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.39%. IDT's payout ratio is 7.62%.

Analyst Upgrades and Downgrades

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

IDT Company Profile

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.