UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in IDT Co. (NYSE:IDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of IDT Co. (NYSE:IDT - Free Report) by 38.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,361 shares of the utilities provider's stock after acquiring an additional 8,118 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of IDT worth $1,395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Emmett Investment Management LP purchased a new position in IDT during the fourth quarter worth about $5,257,000. Deutsche Bank AG lifted its holdings in IDT by 32.4% in the fourth quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider's stock valued at $15,711,000 after acquiring an additional 80,817 shares during the last quarter. JPMorgan Chase & Co. grew its position in IDT by 101.5% in the fourth quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider's stock worth $5,351,000 after acquiring an additional 56,738 shares during the period. Bank of New York Mellon Corp grew its position in IDT by 76.3% in the fourth quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider's stock worth $5,300,000 after acquiring an additional 48,288 shares during the period. Finally, Norges Bank acquired a new stake in IDT during the fourth quarter worth $2,172,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

IDT Stock Down 2.8%

NYSE:IDT traded down $1.86 during trading hours on Thursday, reaching $64.20. 288,296 shares of the stock were exchanged, compared to its average volume of 105,300. IDT Co. has a twelve month low of $33.84 and a twelve month high of $69.67. The business has a 50-day moving average of $55.04 and a two-hundred day moving average of $51.08. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.99 and a beta of 0.72.

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

IDT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. IDT's payout ratio is 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 report on Tuesday, March 18th.

Insider Transactions at IDT

In other news, CTO David Wartell sold 10,735 shares of the business'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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 25.32% of the company's stock.

About IDT

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.