Nuveen LLC Invests $10.41 Million in IDT Corporation $IDT

Nuveen LLC purchased a new position in shares of IDT Corporation (NYSE:IDT) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 202,856 shares of the utilities provider’s stock, valued at approximately $10,409,000. Nuveen LLC owned 0.80% of IDT at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in IDT by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider’s stock valued at $417,000 after purchasing an additional 303 shares during the period. Rhumbline Advisers lifted its position in shares of IDT by 1.2% in the first quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock worth $1,346,000 after purchasing an additional 320 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of IDT by 7.4% in the fourth quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 643 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of IDT by 12.3% in the fourth quarter. Aquatic Capital Management LLC now owns 6,737 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 737 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of IDT in the fourth quarter worth $44,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

IDT Price Performance

Shares of NYSE IDT opened at $63.2710 on Friday. The company has a 50 day simple moving average of $62.35 and a 200 day simple moving average of $56.03. The firm has a market cap of $1.60 billion, a PE ratio of 16.69 and a beta of 0.74. IDT Corporation has a 1 year low of $36.12 and a 1 year high of $71.12.

IDT (NYSE:IDT) last issued its quarterly earnings data on Thursday, June 5th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $301.98 million during the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%.

IDT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. IDT’s payout ratio is 6.33%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of IDT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 14th.

IDT Company 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.