ProShare Advisors LLC Takes Position in IDT Co. (NYSE:IDT)

ProShare Advisors LLC acquired a new position in IDT Co. (NYSE:IDT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,342 shares of the utilities provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in IDT by 35.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider’s stock worth $116,000 after buying an additional 632 shares in the last quarter. Quantbot Technologies LP bought a new position in IDT in the 4th quarter worth approximately $129,000. New Age Alpha Advisors LLC bought a new position in IDT in the 4th quarter worth approximately $134,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in IDT in the 4th quarter worth approximately $180,000. Finally, Raymond James Financial Inc. bought a new position in IDT in the 4th quarter worth approximately $201,000. 59.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CTO David Wartell sold 10,735 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total transaction of $525,907.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised IDT from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

IDT Price Performance

IDT opened at $61.59 on Monday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.09 and a beta of 0.69. IDT Co. has a 1-year low of $33.84 and a 1-year high of $62.97. The business has a 50 day moving average price of $53.25 and a two-hundred day moving average price of $50.38.

IDT (NYSE:IDT) last released its earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.39%. This is an increase from IDT’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, March 17th. IDT’s dividend payout ratio is 7.62%.

About IDT

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.