KLP Kapitalforvaltning AS Acquires New Position in IDT Co. (NYSE:IDT)

KLP Kapitalforvaltning AS acquired a new position in shares of IDT Co. ( NYSE:IDT – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the utilities provider’s stock, valued at approximately $475,000.

Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P.



increased its holdings in shares of IDT by 272.1% during the 3rd quarter. Point72 Asset Management L.

P. now owns 13,396 shares of the utilities provider’s stock worth $511,000 after buying an additional 9,796 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in IDT in the fourth quarter worth approximately $1,018,000.

JPMorgan Chase & Co. increased its stake in IDT by 10.7% during the third quarter.

JPMorgan Chase & Co. now owns 55,876 shares of the utilities provider’s stock worth $2,133,000 after acquiring an additional 5,417 shares during the last quarter. Barclays PLC raised its position in IDT by 240.

3% in the third quarter. Barclays PLC now owns 27,066 shares of the utilities provider’s stock valued at $1,034,000 after purchasing an additional 19,112 shares during the period. Finally, FMR LLC lifted its stake in shares of IDT by 26.

8% in the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock valued at $3,201,000 after purchasing an additional 17,725 shares during the last quarter. 59.

34% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th.

IDT Stock Performance IDT stock opened at $50.96 on Friday. The company’s 50 day simple moving average is $49.

09 and its 200-day simple moving average is $47.56. IDT Co.

has a 1 year low of $33.84 and a 1 year high of $58.77.

The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.45 and a beta of 0.

84. IDT ( NYSE:IDT – Get Free Report ) last announced its earnings results on Thursday, March 6th. The utilities provider reported $0.

81 earnings per share (EPS) for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.

10%. The company had revenue of $303.35 million for the quarter.

IDT Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 17th were issued a dividend of $0.06 per share.

This represents a $0.24 dividend on an annualized basis and a yield of 0.47%.

This is a boost from IDT’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 17th.

IDT’s dividend payout ratio (DPR) is 7.62%. Insider Buying and Selling at IDT In other IDT news, CTO David Wartell sold 10,735 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through this link . 25.32% of the stock is currently owned by corporate insiders.

IDT 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.

See Also 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 ).

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