Ritholtz Wealth Management Increases Stock Position in IDT Corporation (NYSE:IDT)

Ritholtz Wealth Management raised its position in IDT Corporation (NYSE:IDT - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,266 shares of the utilities provider's stock after buying an additional 5,874 shares during the quarter. Ritholtz Wealth Management owned about 0.08% of IDT worth $1,091,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

IDT Price Performance

Shares of NYSE IDT traded down $1.40 during trading on Thursday, hitting $65.88. The stock had a trading volume of 297,345 shares, compared to its average volume of 108,207. IDT Corporation has a 12 month low of $33.84 and a 12 month high of $69.67. The company has a market capitalization of $1.66 billion, a PE ratio of 17.38 and a beta of 0.72. The firm has a fifty day moving average of $56.92 and a two-hundred day moving average of $51.58.

IDT (NYSE:IDT - Get Free Report) last posted its earnings results 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 Announces Dividend

The firm 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 annualized dividend and a yield of 0.36%. IDT's dividend payout ratio (DPR) is presently 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.