Assenagon Asset Management S.A. Acquires Shares of 20,716 IDT Corporation (NYSE:IDT)

Assenagon Asset Management S.A. purchased a new position in IDT Corporation (NYSE:IDT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,716 shares of the utilities provider's stock, valued at approximately $1,063,000. Assenagon Asset Management S.A. owned 0.08% of IDT at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of IDT by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock valued at $417,000 after buying an additional 303 shares during the period. Rhumbline Advisers boosted its holdings in IDT by 1.2% in the first quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider's stock worth $1,346,000 after acquiring an additional 320 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in IDT by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 6,097 shares of the utilities provider's stock worth $290,000 after acquiring an additional 477 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IDT by 35.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock valued at $116,000 after acquiring an additional 632 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of IDT by 7.4% during the fourth quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider's stock valued at $442,000 after acquiring an additional 643 shares in the last quarter. 59.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered IDT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

IDT Stock Down 2.1%

IDT traded down $1.40 during trading on Thursday, hitting $65.88. 297,345 shares of the company's stock were exchanged, compared to its average volume of 108,207. IDT Corporation has a fifty-two week low of $33.84 and a fifty-two week high of $69.67. The stock has a market cap of $1.66 billion, a P/E ratio of 17.38 and a beta of 0.72. The business's 50 day moving average is $56.92 and its two-hundred day moving average is $51.58.

IDT (NYSE:IDT - Get Free Report) last posted its earnings results on Thursday, June 5th. The utilities provider reported $0.87 EPS for the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%. The company had revenue of $301.98 million during the quarter.

IDT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. IDT's dividend payout ratio is currently 6.33%.

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.