Rhumbline Advisers Purchases 320 Shares of IDT Corporation $IDT

Rhumbline Advisers boosted its stake in shares of IDT Corporation (NYSE:IDT) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,240 shares of the utilities provider’s stock after buying an additional 320 shares during the period. Rhumbline Advisers owned 0.10% of IDT worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of IDT in the 4th quarter valued at approximately $44,000. Copeland Capital Management LLC acquired a new position in IDT in the first quarter valued at approximately $57,000. AlphaQuest LLC boosted its position in IDT by 700.0% in the 1st quarter. AlphaQuest LLC now owns 1,472 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 1,288 shares in the last quarter. ProShare Advisors LLC purchased a new stake in IDT in the 4th quarter worth approximately $206,000. Finally, Diversified Trust Co acquired a new position in shares of IDT in the 1st quarter valued at $212,000. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Performance

NYSE:IDT opened at $66.67 on Friday. The stock has a 50 day moving average price of $61.71 and a 200 day moving average price of $58.31. The stock has a market cap of $1.68 billion, a PE ratio of 17.59 and a beta of 0.79. IDT Corporation has a one year low of $37.45 and a one year high of $71.12.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.