Geode Capital Management LLC Has $20.27 Million Holdings in IDT Co. (NYSE:IDT)

Geode Capital Management LLC lifted its stake in IDT Co. (NYSE:IDT - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 426,442 shares of the utilities provider's stock after purchasing an additional 5,346 shares during the quarter. Geode Capital Management LLC owned about 1.69% of IDT worth $20,269,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IDT. Vanguard Group Inc. raised its position in shares of IDT by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,265,815 shares of the utilities provider's stock worth $60,152,000 after acquiring an additional 4,426 shares during the period. State Street Corp raised its holdings in IDT by 0.5% in the 3rd quarter. State Street Corp now owns 390,145 shares of the utilities provider's stock valued at $14,911,000 after acquiring an additional 2,071 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of IDT by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 162,665 shares of the utilities provider's stock worth $7,730,000 after purchasing an additional 4,857 shares during the period. JPMorgan Chase & Co. lifted its holdings in IDT by 101.5% during the 4th quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider's stock worth $5,351,000 after buying an additional 56,738 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of IDT by 76.3% in the 4th quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider's stock valued at $5,300,000 after acquiring an additional 48,288 shares during the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IDT from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

Insider Activity

In other news, CTO David Wartell sold 10,735 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 25.32% of the company's stock.

IDT Stock Up 1.7 %

Shares of IDT stock traded up $0.83 during trading hours on Thursday, hitting $50.01. 3,662 shares of the company were exchanged, compared to its average volume of 93,424. The firm has a fifty day moving average of $49.27 and a 200 day moving average of $48.59. The firm has a market cap of $1.26 billion, a PE ratio of 17.09 and a beta of 0.58. IDT Co. has a 1 year low of $33.84 and a 1 year high of $58.77.

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

IDT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from IDT's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. IDT's dividend payout ratio (DPR) is 7.62%.

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.