Tudor Investment Corp ET AL Has $1.80 Million Holdings in IDT Co. (NYSE:IDT)

Tudor Investment Corp ET AL raised its holdings in shares of IDT Co. (NYSE:IDT - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,797 shares of the utilities provider's stock after buying an additional 4,977 shares during the quarter. Tudor Investment Corp ET AL owned about 0.15% of IDT worth $1,796,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in IDT by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 6,097 shares of the utilities provider's stock valued at $290,000 after acquiring an additional 477 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 valued at $116,000 after purchasing an additional 632 shares during the period. MetLife Investment Management LLC raised its stake in shares of IDT by 7.4% in the fourth quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider's stock valued at $442,000 after purchasing an additional 643 shares in the last quarter. Aquatic Capital Management LLC lifted its position in IDT by 12.3% in the fourth quarter. Aquatic Capital Management LLC now owns 6,737 shares of the utilities provider's stock worth $320,000 after purchasing an additional 737 shares during the period. Finally, American Century Companies Inc. boosted its stake in IDT by 1.8% during the fourth quarter. American Century Companies Inc. now owns 46,594 shares of the utilities provider's stock worth $2,214,000 after buying an additional 812 shares in the last quarter. 59.34% of the stock is owned by institutional investors.

IDT Stock Up 3.2 %

IDT traded up $1.73 during midday trading on Friday, reaching $55.31. 189,517 shares of the company's stock were exchanged, compared to its average volume of 96,142. The business has a 50-day simple moving average of $49.91 and a two-hundred day simple moving average of $49.09. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.94 and a beta of 0.69. IDT Co. has a one year low of $33.84 and a one 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 EPS for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%. The business had revenue of $303.35 million during the quarter.

IDT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from IDT's previous quarterly dividend of $0.05. IDT's payout ratio is currently 7.62%.

Insider Transactions at IDT

In other news, CTO David Wartell sold 10,735 shares of the business'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 value of $525,907.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 25.32% of the stock is 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 note on Tuesday, March 18th.

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.