Teacher Retirement System of Texas Cuts Position in IDT Corporation (NYSE:IDT)

Teacher Retirement System of Texas decreased its stake in IDT Corporation (NYSE:IDT - Free Report) by 55.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,319 shares of the utilities provider's stock after selling 26,030 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of IDT worth $1,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in IDT in the fourth quarter worth about $44,000. Copeland Capital Management LLC purchased a new stake in IDT in the first quarter worth about $57,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in IDT by 35.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after buying an additional 632 shares in the last quarter. Quantbot Technologies LP purchased a new stake in IDT in the fourth quarter worth about $129,000. Finally, New Age Alpha Advisors LLC purchased a new stake in IDT in the fourth quarter worth about $134,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

Analyst Upgrades and Downgrades

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

IDT Stock Down 1.4%

IDT traded down $0.83 during midday trading on Thursday, reaching $56.97. The company had a trading volume of 234,321 shares, compared to its average volume of 121,919. The business has a 50-day moving average of $63.24 and a two-hundred day moving average of $53.80. The company has a market cap of $1.44 billion, a P/E ratio of 15.03 and a beta of 0.73. IDT Corporation has a 1 year low of $33.84 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 (EPS) for the quarter. The company had revenue of $301.98 million for the quarter. IDT had a return on equity of 26.38% and a net margin of 7.85%.

IDT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.42%. IDT's dividend payout ratio (DPR) is presently 6.33%.

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.