UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 8,118 Shares of IDT Co. (NYSE:IDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of IDT Co. (NYSE:IDT) by 38.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,361 shares of the utilities provider’s stock after purchasing an additional 8,118 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of IDT worth $1,395,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Two Sigma Advisers LP boosted its position in IDT by 6.4% in the 4th quarter. Two Sigma Advisers LP now owns 21,700 shares of the utilities provider’s stock valued at $1,031,000 after buying an additional 1,300 shares during the period. Two Sigma Investments LP boosted its holdings in shares of IDT by 33.0% in the fourth quarter. Two Sigma Investments LP now owns 47,604 shares of the utilities provider’s stock valued at $2,262,000 after purchasing an additional 11,800 shares during the period. ProShare Advisors LLC bought a new position in IDT in the fourth quarter worth approximately $206,000. Nuveen Asset Management LLC increased its holdings in IDT by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 107,926 shares of the utilities provider’s stock worth $5,129,000 after purchasing an additional 17,035 shares during the period. Finally, Occudo Quantitative Strategies LP lifted its holdings in shares of IDT by 25.0% in the 4th quarter. Occudo Quantitative Strategies LP now owns 9,398 shares of the utilities provider’s stock worth $447,000 after buying an additional 1,880 shares during the period. 59.34% of the stock is currently owned by institutional investors.

Insider Activity at IDT

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 document filed with the Securities & Exchange Commission, which is available at this link. 25.32% of the stock is owned by corporate insiders.

IDT Stock Performance

Shares of IDT opened at $68.98 on Monday. The company has a 50 day moving average price of $54.18 and a 200-day moving average price of $50.78. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $69.67. The stock has a market capitalization of $1.74 billion, a PE ratio of 23.62 and a beta of 0.72.

IDT (NYSE:IDT) last posted its earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. The company had revenue of $301.98 million during the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 9th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. IDT’s dividend payout ratio (DPR) is currently 6.33%.

Analysts Set New Price Targets

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

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.