Kapitalo Investimentos Ltda Acquires New Stake in IDT Corporation (NYSE:IDT)

Key Points

• Kapitalo Investimentos Ltda has acquired a new stake of 4,537 shares in IDT Corporation, valued at approximately $233,000.
• IDT's recent quarterly earnings report showed an earnings per share (EPS) of $0.87 and revenue of $301.98 million.
• The firm declared a quarterly dividend of $0.06 per share, representing an annualized yield of 0.42%.

Kapitalo Investimentos Ltda acquired a new stake in shares of IDT Corporation (NYSE:IDT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,537 shares of the utilities provider's stock, valued at approximately $233,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of IDT by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,265,815 shares of the utilities provider's stock valued at $60,152,000 after acquiring an additional 4,426 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of IDT by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 514,043 shares of the utilities provider's stock valued at $26,376,000 after acquiring an additional 2,768 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of IDT by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 426,442 shares of the utilities provider's stock valued at $20,269,000 after acquiring an additional 5,346 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in IDT by 6.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 351,588 shares of the utilities provider's stock worth $16,707,000 after buying an additional 22,528 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in IDT by 32.4% in the 4th quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider's stock worth $15,711,000 after buying an additional 80,817 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 NYSE:IDT opened at $57.28 on Friday. The stock's 50-day moving average price is $63.13 and its two-hundred day moving average price is $54.27. IDT Corporation has a 12-month low of $33.84 and a 12-month high of $71.12. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 15.11 and a beta of 0.73.

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 (EPS) for the quarter. IDT had a return on equity of 26.38% and a net margin of 7.85%. The firm had revenue of $301.98 million for the quarter.

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 paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. IDT's payout ratio is 6.33%.

Wall Street Analysts Forecast Growth

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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