IDT Corporation (NYSE:IDT) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in IDT Corporation (NYSE:IDT - Free Report) by 38.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,266 shares of the utilities provider's stock after purchasing an additional 5,874 shares during the quarter. Ritholtz Wealth Management owned approximately 0.08% of IDT worth $1,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in IDT in the fourth quarter valued at $44,000. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 worth $116,000 after acquiring an additional 632 shares in the last quarter. Quantbot Technologies LP acquired 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 IDT during the fourth quarter worth approximately $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in IDT during the fourth quarter worth approximately $180,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

IDT Price Performance

Shares of IDT traded down $1.59 during midday trading on Friday, reaching $64.50. 877,602 shares of the stock were exchanged, compared to its average volume of 111,343. The business's 50-day moving average price is $57.60 and its 200 day moving average price is $51.78. IDT Corporation has a twelve month low of $33.84 and a twelve month high of $69.67. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 17.02 and a beta of 0.72.

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

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. IDT's payout ratio is 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.