IDT Corporation $IDT Shares Bought by Swiss National Bank

Key Points

• The Swiss National Bank increased its stake in IDT Corporation by 26.7%, owning 41,300 shares valued at approximately $2.12 million after acquiring an additional 8,700 shares in the first quarter.
• IDT's stock recently opened at $63.27, with a 12-month range between $36.12 and $71.12, and it also reported earnings of $0.87 EPS for the last quarter, with revenue of nearly $302 million.
• IDT declared a quarterly dividend of $0.06, resulting in an annualized dividend of $0.24, and its current dividend yield is 0.4% with a payout ratio of 6.33%.

Swiss National Bank increased its stake in shares of IDT Corporation (NYSE:IDT - Free Report) by 26.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,300 shares of the utilities provider's stock after purchasing an additional 8,700 shares during the period. Swiss National Bank owned 0.16% of IDT worth $2,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 purchasing an additional 303 shares during the last quarter. Rhumbline Advisers raised its position in shares of IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider's stock worth $1,346,000 after purchasing an additional 320 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of IDT by 7.4% during the 4th 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 during the last quarter. Aquatic Capital Management LLC raised its position in shares of IDT by 12.3% during the 4th 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 during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in IDT during the fourth quarter worth approximately $44,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

IDT Price Performance

IDT stock traded down $0.74 on Friday, hitting $64.03. 176,523 shares of the company were exchanged, compared to its average volume of 130,045. IDT Corporation has a twelve month low of $36.12 and a twelve month high of $71.12. The business's fifty day moving average is $62.10 and its two-hundred day moving average is $56.57. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.89 and a beta of 0.74.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 EPS for the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%. The firm had revenue of $301.98 million during the quarter.

IDT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. IDT's dividend payout ratio (DPR) is 6.33%.

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.