Two Sigma Investments LP Purchases 11,800 Shares of IDT Co. (NYSE:IDT)

Two Sigma Investments LP lifted its holdings in IDT Co. (NYSE:IDT - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,604 shares of the utilities provider's stock after purchasing an additional 11,800 shares during the period. Two Sigma Investments LP owned 0.19% of IDT worth $2,262,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new stake in shares of IDT in the fourth quarter worth about $286,000. Allspring Global Investments Holdings LLC boosted its position in IDT by 37.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 28,014 shares of the utilities provider's stock worth $1,331,000 after purchasing an additional 7,620 shares during the period. Principal Financial Group Inc. grew its holdings in IDT by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 6,097 shares of the utilities provider's stock valued at $290,000 after purchasing an additional 477 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of IDT by 26.0% in the fourth quarter. New York State Common Retirement Fund now owns 5,329 shares of the utilities provider's stock valued at $253,000 after purchasing an additional 1,100 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of IDT by 32.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 10,352 shares of the utilities provider's stock worth $492,000 after buying an additional 2,512 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Performance

Shares of IDT stock traded down $0.58 during trading on Wednesday, reaching $58.41. The company's stock had a trading volume of 20,405 shares, compared to its average volume of 101,542. The business's fifty day moving average price is $53.54 and its 200-day moving average price is $50.51. IDT Co. has a one year low of $33.84 and a one year high of $62.97. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 20.05 and a beta of 0.69.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The utilities provider reported $0.81 EPS for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%. The company had revenue of $303.35 million for the quarter.

IDT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were issued a $0.06 dividend. The ex-dividend date was Monday, March 17th. This is an increase from IDT's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.41%. IDT's dividend payout ratio is 7.62%.

Insider Activity

In related news, CTO David Wartell sold 10,735 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total transaction of $525,907.65. The sale was disclosed in a document filed with the SEC, which is available through this link. 25.32% of the stock is owned by company insiders.

Analyst Ratings Changes

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.

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.