20,716 Shares in IDT Corporation (NYSE:IDT) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in shares of IDT Corporation (NYSE:IDT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IDT. Park Square Financial Group LLC acquired a new stake in IDT during the fourth quarter valued at $44,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in IDT by 35.0% in the 4th 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 during the last quarter. Quantbot Technologies LP purchased a new stake in shares of IDT during the 4th quarter worth about $129,000. New Age Alpha Advisors LLC acquired a new stake in shares of IDT during the 4th quarter valued at about $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of IDT during the 4th quarter valued at about $180,000. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

IDT Stock Down 2.4%

Shares of IDT traded down $1.59 during mid-day trading on Friday, hitting $64.50. 877,602 shares of the company's stock were exchanged, compared to its average volume of 111,343. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 17.02 and a beta of 0.72. The firm has a fifty day moving average of $57.60 and a two-hundred day moving average of $51.78. IDT Corporation has a twelve month low of $33.84 and a twelve month high of $69.67.

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

IDT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. IDT's dividend payout ratio (DPR) is presently 6.33%.

Wall Street Analysts Forecast Growth

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

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.