IDT Co. (NYSE:IDT) Holdings Boosted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in shares of IDT Co. (NYSE:IDT - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 351,588 shares of the utilities provider's stock after purchasing an additional 22,528 shares during the quarter. D. E. Shaw & Co. Inc. owned 1.39% of IDT worth $16,707,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of IDT. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of IDT by 35.0% during the 4th 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. Quantbot Technologies LP bought a new stake in shares of IDT in the fourth quarter worth about $129,000. New Age Alpha Advisors LLC bought a new position in IDT in the fourth quarter valued at $134,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in IDT during the fourth quarter worth about $180,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of IDT during the fourth quarter worth approximately $200,000. Institutional investors and hedge funds own 59.34% of the company's stock.

Insider Transactions at IDT

In other IDT news, CTO David Wartell sold 10,735 shares of IDT stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 25.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

IDT Price Performance

IDT opened at $57.82 on Tuesday. The company's 50-day moving average is $50.14 and its 200 day moving average is $49.19. The firm has a market capitalization of $1.46 billion, a PE ratio of 19.80 and a beta of 0.69. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $58.77.

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

IDT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were paid a $0.06 dividend. This is a positive change from IDT's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, March 17th. IDT's dividend payout ratio is currently 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.

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