IDT Co. (NYSE:IDT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in IDT Co. (NYSE:IDT) by 163.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,349 shares of the utilities provider’s stock after acquiring an additional 29,399 shares during the quarter. Teacher Retirement System of Texas owned 0.19% of IDT worth $2,250,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of IDT by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 6,097 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 477 shares in the last quarter. New York State Common Retirement Fund increased its stake in IDT by 26.0% in the fourth quarter. New York State Common Retirement Fund now owns 5,329 shares of the utilities provider’s stock valued at $253,000 after purchasing an additional 1,100 shares during the last quarter. Martingale Asset Management L P raised its holdings in IDT by 6.6% during the third quarter. Martingale Asset Management L P now owns 20,396 shares of the utilities provider’s stock worth $779,000 after purchasing an additional 1,264 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of IDT by 15.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,376 shares of the utilities provider’s stock valued at $434,000 after buying an additional 1,547 shares in the last quarter. Finally, State Street Corp grew its position in shares of IDT by 0.5% in the 3rd quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock valued at $14,911,000 after buying an additional 2,071 shares during the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

IDT Trading Up 0.9 %

IDT stock opened at $52.29 on Thursday. The business has a 50 day simple moving average of $48.59 and a 200-day simple moving average of $47.01. IDT Co. has a twelve month low of $33.84 and a twelve month high of $58.77. The company has a market capitalization of $1.32 billion, a P/E ratio of 17.91 and a beta of 0.84.

IDT (NYSE:IDT) last announced its earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter. The business had revenue of $303.35 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors 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 0.46%. This is a positive change from IDT’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 17th. IDT’s dividend payout ratio (DPR) is 7.62%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of IDT from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

Insiders Place Their Bets

In other IDT news, CTO David Wartell sold 10,735 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were 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 SEC, which is available through this hyperlink. 25.32% of the stock is owned by insiders.

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.