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

Teacher Retirement System of Texas trimmed its holdings in shares of IDT Corporation (NYSE:IDT - Free Report) by 55.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,319 shares of the utilities provider's stock after selling 26,030 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of IDT worth $1,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 valued at $417,000 after purchasing an additional 303 shares during the period. Rhumbline Advisers boosted its stake in IDT by 1.2% during the first quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider's stock valued at $1,346,000 after buying an additional 320 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in IDT by 35.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after purchasing an additional 632 shares during the last quarter. MetLife Investment Management LLC lifted its stake in 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 during the last quarter. Finally, Aquatic Capital Management LLC lifted its stake in 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 during the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

IDT Price Performance

Shares of NYSE:IDT opened at $59.86 on Monday. IDT Corporation has a 1 year low of $33.84 and a 1 year high of $71.12. The company has a market cap of $1.51 billion, a PE ratio of 15.79 and a beta of 0.73. The stock's 50-day moving average is $62.82 and its 200 day moving average is $53.59.

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

IDT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.40%. IDT's dividend payout ratio is currently 6.33%.

Analyst Ratings Changes

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

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.

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