ProShare Advisors LLC Purchases New Shares in IDT Co. (NYSE:IDT)

ProShare Advisors LLC acquired a new position in IDT Co. (NYSE:IDT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,342 shares of the utilities provider's stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IDT. Proficio Capital Partners LLC purchased a new position in shares of IDT in the 4th quarter valued at about $1,018,000. New York State Common Retirement Fund raised its stake in IDT by 26.0% during the 4th quarter. New York State Common Retirement Fund now owns 5,329 shares of the utilities provider's stock valued at $253,000 after acquiring an additional 1,100 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of IDT during the fourth quarter worth $201,000. Vanguard Group Inc. increased 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 worth $60,152,000 after acquiring an additional 4,426 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of IDT by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock worth $417,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised IDT from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th.

IDT Stock Performance

IDT stock traded down $1.49 on Tuesday, reaching $58.95. The company had a trading volume of 238,524 shares, compared to its average volume of 101,706. IDT Co. has a 1 year low of $33.84 and a 1 year high of $62.97. The company has a market cap of $1.49 billion, a P/E ratio of 20.19 and a beta of 0.69. The company's fifty day moving average is $53.42 and its 200 day moving average is $50.46.

IDT (NYSE:IDT - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The business had revenue of $303.35 million for the quarter.

IDT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, March 17th. This is a positive change from IDT's previous quarterly dividend of $0.05. IDT's dividend payout ratio (DPR) is 7.62%.

Insider Buying and Selling at IDT

In related news, CTO David Wartell sold 10,735 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total transaction of $525,907.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.32% of the stock is owned by company insiders.

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.