Diversified Trust Co Purchases New Position in IDT Corporation (NYSE:IDT)

Diversified Trust Co acquired a new stake in shares of IDT Corporation (NYSE:IDT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,126 shares of the utilities provider's stock, valued at approximately $212,000.

Several other large investors have also bought and sold shares of IDT. Emmett Investment Management LP bought a new stake in IDT during the 4th quarter valued at approximately $5,257,000. Deutsche Bank AG boosted its position in IDT by 32.4% during the 4th quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider's stock valued at $15,711,000 after acquiring an additional 80,817 shares in the last quarter. JPMorgan Chase & Co. boosted its position in IDT by 101.5% during the 4th quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider's stock valued at $5,351,000 after acquiring an additional 56,738 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of IDT by 76.3% during the fourth quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider's stock valued at $5,300,000 after purchasing an additional 48,288 shares in the last quarter. Finally, Norges Bank bought a new position in shares of IDT during the fourth quarter valued at approximately $2,172,000. 59.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

IDT Stock Down 0.1%

Shares of NYSE IDT traded down $0.09 on Friday, reaching $69.79. 121,893 shares of the company's stock traded hands, compared to its average volume of 115,872. IDT Corporation has a 12 month low of $33.84 and a 12 month high of $71.12. The business's 50 day simple moving average is $61.43 and its two-hundred day simple moving average is $52.93. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 18.41 and a beta of 0.73.

IDT (NYSE:IDT - Get Free Report) last announced 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 business had revenue of $301.98 million during the quarter.

IDT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.34%. 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.