IDT Corporation $IDT Stake Lifted by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of IDT Corporation (NYSE:IDT) by 20.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,127 shares of the utilities provider’s stock after buying an additional 9,533 shares during the quarter. American Century Companies Inc. owned about 0.22% of IDT worth $2,880,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IDT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in IDT by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 303 shares during the period. Rhumbline Advisers boosted its position in IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock worth $1,346,000 after acquiring an additional 320 shares during the period. MetLife Investment Management LLC boosted its position in IDT by 7.4% during the 4th quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider’s stock worth $442,000 after acquiring an additional 643 shares during the period. Aquatic Capital Management LLC boosted its position in IDT by 12.3% during the 4th quarter. Aquatic Capital Management LLC now owns 6,737 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 737 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in IDT during the 4th quarter worth $44,000. 59.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

IDT Stock Down 1.1%

Shares of IDT stock opened at $64.03 on Monday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 16.89 and a beta of 0.79. The business has a fifty day simple moving average of $62.10 and a 200-day simple moving average of $56.68. IDT Corporation has a fifty-two week low of $36.12 and a fifty-two week high of $71.12.

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

IDT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given 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%.

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.