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Cerity Partners LLC Has $7.54 Million Position in IDT Corporation (NYSE:IDT)

IDT logo with Utilities background

Cerity Partners LLC increased its stake in IDT Corporation (NYSE:IDT - Free Report) by 55.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,876 shares of the utilities provider's stock after purchasing an additional 52,281 shares during the quarter. Cerity Partners LLC owned about 0.58% of IDT worth $7,536,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in IDT in the fourth quarter worth about $44,000. Copeland Capital Management LLC purchased a new stake in IDT during the first quarter valued at about $57,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 valued at $116,000 after buying an additional 632 shares in the last quarter. Quantbot Technologies LP purchased a new stake in IDT during the fourth quarter valued at about $129,000. Finally, New Age Alpha Advisors LLC purchased a new stake in IDT during the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 59.34% of the company's stock.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on IDT

IDT Stock Down 0.9%

IDT stock traded down $0.51 during midday trading on Friday, hitting $56.33. 161,136 shares of the company traded hands, compared to its average volume of 122,380. IDT Corporation has a twelve month low of $33.84 and a twelve month high of $71.12. The business has a 50 day simple moving average of $63.26 and a 200-day simple moving average of $53.86. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.86 and a beta of 0.73.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. IDT had a return on equity of 26.38% and a net margin of 7.85%. 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 dividend yield of 0.43%. IDT's payout ratio is presently 6.33%.

IDT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IDT (NYSE:IDT)

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