Royce & Associates LP Sells 70,121 Shares of IDT Corporation (NYSE:IDT)

Royce & Associates LP reduced its position in IDT Corporation (NYSE:IDT - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 521,728 shares of the utilities provider's stock after selling 70,121 shares during the period. Royce & Associates LP owned approximately 2.07% of IDT worth $26,770,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of IDT by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock valued at $417,000 after purchasing an additional 303 shares in the last quarter. Rhumbline Advisers boosted its holdings in IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider's stock worth $1,346,000 after acquiring an additional 320 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of IDT by 35.0% in 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. MetLife Investment Management LLC grew its stake in shares of IDT by 7.4% in the 4th quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider's stock worth $442,000 after acquiring an additional 643 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in shares of IDT by 12.3% in the fourth quarter. Aquatic Capital Management LLC now owns 6,737 shares of the utilities provider's stock valued at $320,000 after purchasing an additional 737 shares during the last quarter. Institutional investors and hedge funds own 59.34% of the company's stock.

IDT Trading Down 0.2%

Shares of IDT stock traded down $0.13 during trading on Friday, hitting $57.28. The company's stock had a trading volume of 91,668 shares, compared to its average volume of 204,517. The company has a market cap of $1.45 billion, a PE ratio of 15.11 and a beta of 0.73. The business has a fifty day moving average of $63.13 and a 200-day moving average of $54.27. IDT Corporation has a 52 week low of $33.84 and a 52 week high of $71.12.

IDT (NYSE:IDT - Get Free Report) last announced 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 return on equity of 26.38% and a net margin of 7.85%.

IDT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.42%. IDT's dividend payout ratio is 6.33%.

Analyst Upgrades and Downgrades

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 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.