IDT Co. (NYSE:IDT) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in IDT Co. (NYSE:IDT - Free Report) by 34.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,578 shares of the utilities provider's stock after acquiring an additional 4,778 shares during the quarter. Hsbc Holdings PLC owned 0.07% of IDT worth $884,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IDT. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of 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 in the last quarter. Quantbot Technologies LP acquired a new stake in IDT in the 4th quarter worth about $129,000. New Age Alpha Advisors LLC purchased a new stake in IDT during the 4th quarter worth approximately $134,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of IDT during the fourth quarter valued at approximately $200,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of IDT in the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

Insider Activity at IDT

In other IDT news, CTO David Wartell sold 10,735 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total transaction of $525,907.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 25.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

IDT Price Performance

Shares of IDT stock traded up $0.59 during trading hours on Thursday, hitting $53.51. The company had a trading volume of 171,393 shares, compared to its average volume of 95,654. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $58.77. The company's fifty day moving average is $49.62 and its 200 day moving average is $48.96. The stock has a market capitalization of $1.35 billion, a PE ratio of 18.33 and a beta of 0.69.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. The firm 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 given a dividend of $0.06 per share. The ex-dividend date was Monday, March 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from IDT's previous quarterly dividend of $0.05. 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.