1 week Ago By ABMN Staff
Norges Bank bought a new stake in IDT Co. ( NYSE:IDT – Free Report ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 45,700 shares of the utilities provider’s stock, valued at approximately $2,172,000.
A number of other large investors have also added to or reduced their stakes in IDT. Mitsubishi UFJ Asset Management Co. Ltd.
lifted its holdings 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 valued at $116,000 after purchasing an additional 632 shares during the last quarter. Quantbot Technologies LP purchased a new stake in IDT in the fourth quarter valued at about $129,000.
Hennion & Walsh Asset Management Inc. purchased a new stake in IDT in the fourth quarter valued at about $200,000. Raymond James Financial Inc.
acquired a new stake in IDT in the fourth quarter worth about $201,000. Finally, Bailard Inc. purchased a new stake in shares of IDT during the fourth quarter worth about $220,000.
59.34% of the stock is currently owned by institutional investors. Insider Transactions at IDT In other news, CTO David Wartell sold 10,735 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website . Company insiders own 25.32% of the company’s stock.
Analyst Ratings Changes Check Out Our Latest Research Report on IDT IDT Price Performance Shares of IDT stock opened at $48.79 on Friday. The business has a fifty day moving average of $49.
16 and a 200 day moving average of $48.07. IDT Co.
has a 1 year low of $33.84 and a 1 year high of $58.77.
The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.71 and a beta of 0.
58. IDT ( NYSE:IDT – Get Free Report ) last announced 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 during the quarter.
IDT had a return on equity of 22.18% and a net margin of 6.10%.
IDT Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were issued a $0.06 dividend.
This is an increase from IDT’s previous quarterly dividend of $0.05. This represents a $0.
24 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 17th.
IDT’s dividend payout ratio is 7.62%. IDT Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding IDT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for IDT Co. ( NYSE:IDT – Free Report ). Receive News & Ratings for IDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT and related companies with MarketBeat.
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