Quantbot Technologies LP lifted its position in shares of IDT Corporation (NYSE:IDT - Free Report) by 185.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,757 shares of the utilities provider's stock after purchasing an additional 5,035 shares during the period. Quantbot Technologies LP's holdings in IDT were worth $398,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IDT by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock worth $417,000 after purchasing an additional 303 shares in the last quarter. Rhumbline Advisers lifted its position in shares of IDT by 1.2% during the first quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider's stock worth $1,346,000 after purchasing an additional 320 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of IDT by 7.4% during the fourth quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider's stock worth $442,000 after purchasing an additional 643 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of IDT by 12.3% during the fourth quarter. Aquatic Capital Management LLC now owns 6,737 shares of the utilities provider's stock worth $320,000 after purchasing an additional 737 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of IDT during the fourth quarter worth $44,000. 59.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of IDT from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th.
Read Our Latest Stock Report on IDT
IDT Price Performance
IDT traded down $0.74 during trading on Friday, hitting $64.03. The company had a trading volume of 176,523 shares, compared to its average volume of 130,045. The company has a market cap of $1.62 billion, a PE ratio of 16.89 and a beta of 0.74. The business has a 50-day moving average of $62.10 and a 200-day moving average of $56.63. IDT Corporation has a 1-year low of $36.12 and a 1-year high of $71.12.
IDT (NYSE:IDT - Get Free Report) last issued its earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. The company had revenue of $301.98 million for the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%.
IDT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. IDT's dividend payout ratio (DPR) is 6.33%.
IDT Profile
(
Free Report)
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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