IDT Co. (NYSE:IDT) Holdings Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in IDT Co. (NYSE:IDT - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,624 shares of the utilities provider's stock after selling 7,028 shares during the period. Squarepoint Ops LLC's holdings in IDT were worth $362,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IDT. Proficio Capital Partners LLC acquired a new position in shares of IDT in the fourth quarter worth about $1,018,000. New York State Common Retirement Fund boosted its stake in shares of 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 buying an additional 1,100 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of IDT during the fourth quarter worth approximately $206,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 303 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of IDT in the fourth quarter worth $201,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

IDT Stock Performance

Shares of NYSE IDT traded down $3.74 during trading on Monday, reaching $64.88. The stock had a trading volume of 282,154 shares, compared to its average volume of 103,818. The stock has a market cap of $1.64 billion, a PE ratio of 22.22 and a beta of 0.72. IDT Co. has a one year low of $33.84 and a one year high of $70.50. The firm's 50 day moving average price is $54.18 and its two-hundred day moving average price is $50.78.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The company had revenue of $301.98 million for the quarter.

IDT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.37%. IDT's dividend payout ratio is presently 6.33%.

Analysts Set New Price Targets

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

Insider Buying and Selling at IDT

In other news, CTO David Wartell sold 10,735 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total transaction of $525,907.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.32% of the stock is currently 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.