Jump Financial LLC Increases Stake in IDT Corporation $IDT

Key Points

• Jump Financial LLC increased its stake in IDT Corporation by 110.5%, owning approximately 0.05% of the company after acquiring an additional 6,851 shares, valued at $670,000.
• IDT Corporation reported earnings of $0.87 per share with quarterly revenue of $301.98 million, maintaining a return on equity of 26.38% and a net margin of 7.85%.
• The company declared a quarterly dividend of $0.06 per share, resulting in an annualized yield of 0.4% and a payout ratio of 6.33%.

Jump Financial LLC increased its position in shares of IDT Corporation (NYSE:IDT - Free Report) by 110.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,050 shares of the utilities provider's stock after buying an additional 6,851 shares during the period. Jump Financial LLC owned about 0.05% of IDT worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IDT. Raymond James Financial Inc. purchased a new position in shares of IDT during the fourth quarter valued at $201,000. MetLife Investment Management LLC grew its stake in IDT by 7.4% in the fourth quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider's stock valued at $442,000 after purchasing an additional 643 shares during the last quarter. Hsbc Holdings PLC grew its stake in IDT by 34.6% in the fourth quarter. Hsbc Holdings PLC now owns 18,578 shares of the utilities provider's stock valued at $884,000 after purchasing an additional 4,778 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in IDT by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,414 shares of the utilities provider's stock valued at $685,000 after purchasing an additional 1,147 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its stake in 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. Hedge funds and other institutional investors own 59.34% of the company's stock.

IDT Stock Performance

Shares of NYSE IDT opened at $64.03 on Monday. The company has a market cap of $1.62 billion, a PE ratio of 16.89 and a beta of 0.79. The business has a 50-day simple moving average of $62.10 and a two-hundred day simple moving average of $56.68. IDT Corporation has a fifty-two week low of $36.12 and a fifty-two week high of $71.12.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. The business 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. IDT's dividend payout ratio is presently 6.33%.

Wall Street Analyst Weigh In

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

IDT 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.

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