Quantbot Technologies LP Raises Stake in IDT Corporation $IDT

Quantbot Technologies LP increased its holdings in shares of IDT Corporation (NYSE:IDT) by 206.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,760 shares of the utilities provider’s stock after purchasing an additional 16,003 shares during the quarter. Quantbot Technologies LP’s holdings in IDT were worth $1,623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IDT. New Age Alpha Advisors LLC increased its position in shares of IDT by 59.3% in the first quarter. New Age Alpha Advisors LLC now owns 4,486 shares of the utilities provider’s stock worth $230,000 after acquiring an additional 1,670 shares in the last quarter. Vanguard Group Inc. boosted its position in IDT by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,288,634 shares of the utilities provider’s stock worth $66,120,000 after purchasing an additional 22,819 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in IDT by 9.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 178,265 shares of the utilities provider’s stock valued at $9,147,000 after purchasing an additional 15,600 shares in the last quarter. Swiss National Bank raised its position in IDT by 26.7% in the first quarter. Swiss National Bank now owns 41,300 shares of the utilities provider’s stock valued at $2,119,000 after purchasing an additional 8,700 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of IDT by 3.5% during the first quarter. Invesco Ltd. now owns 29,615 shares of the utilities provider’s stock worth $1,520,000 after purchasing an additional 988 shares in the last quarter. 59.34% of the stock is owned by institutional investors and hedge funds.

IDT Stock Performance

Shares of NYSE IDT opened at $48.38 on Friday. IDT Corporation has a 1 year low of $44.76 and a 1 year high of $71.12. The stock’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $58.51. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 15.02 and a beta of 0.77.

IDT (NYSE:IDT) last issued its quarterly earnings data on Thursday, December 4th. The utilities provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. IDT had a return on equity of 27.92% and a net margin of 6.53%.The firm had revenue of $322.75 million during the quarter, compared to analyst estimates of $308.00 million.

IDT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 15th. IDT’s payout ratio is 7.45%.

Wall Street Analysts Forecast Growth

IDT has been the subject of a number of recent research reports. Wall Street Zen upgraded IDT from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IDT in a research report on Monday, December 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, IDT has a consensus rating of “Hold”.

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.