IDT Corporation (NYSE:IDT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of IDT Corporation (NYSE:IDT - Free Report) by 55.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,876 shares of the utilities provider's stock after purchasing an additional 52,281 shares during the period. Cerity Partners LLC owned 0.58% of IDT worth $7,536,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in shares of IDT in the 4th quarter worth $44,000. Copeland Capital Management LLC acquired a new stake in shares of IDT in the first quarter valued at about $57,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 purchasing an additional 632 shares during the period. Quantbot Technologies LP acquired a new stake in shares of IDT in the fourth quarter valued at about $129,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of IDT in the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 59.34% of the company's stock.

Analyst Upgrades and Downgrades

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

IDT Stock Down 0.4%

Shares of NYSE IDT traded down $0.23 during midday trading on Friday, hitting $56.61. The company had a trading volume of 16,686 shares, compared to its average volume of 121,501. 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 $63.24 and a two-hundred day simple moving average of $53.80. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.94 and a beta of 0.73.

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

IDT Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.42%. IDT's dividend payout ratio (DPR) is currently 6.33%.

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.