18,102 Shares in IDT Co. (NYSE:IDT) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in IDT Co. (NYSE:IDT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,102 shares of the utilities provider's stock, valued at approximately $860,000. Susquehanna Fundamental Investments LLC owned about 0.07% of IDT at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of IDT by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,265,815 shares of the utilities provider's stock valued at $60,152,000 after buying an additional 4,426 shares during the last quarter. Geode Capital Management LLC lifted its position in IDT by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 426,442 shares of the utilities provider's stock valued at $20,269,000 after acquiring an additional 5,346 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in IDT by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 162,665 shares of the utilities provider's stock valued at $7,730,000 after acquiring an additional 4,857 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 56,738 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of IDT by 76.3% during 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 purchasing an additional 48,288 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.

IDT Trading Down 0.6 %

Shares of IDT stock traded down $0.32 during mid-day trading on Monday, reaching $52.12. The stock had a trading volume of 112,482 shares, compared to its average volume of 94,966. IDT Co. has a 1-year low of $33.84 and a 1-year high of $58.77. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 17.85 and a beta of 0.58. The business's fifty day moving average is $49.40 and its 200-day moving average is $48.88.

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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. This is a positive change from IDT's previous quarterly dividend of $0.05. IDT's payout ratio is currently 7.62%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CTO David Wartell sold 10,735 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 25.32% of the stock is currently owned by insiders.

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.