WINTON GROUP Ltd Buys Shares of 7,540 IDT Co. (NYSE:IDT)

WINTON GROUP Ltd purchased a new position in shares of IDT Co. (NYSE:IDT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,540 shares of the utilities provider’s stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IDT. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in IDT by 35.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider’s stock worth $116,000 after buying an additional 632 shares during the period. Prudential Financial Inc. acquired a new stake in shares of IDT during the fourth quarter worth about $263,000. Vanguard Group Inc. lifted its holdings in shares of IDT by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,265,815 shares of the utilities provider’s stock valued at $60,152,000 after purchasing an additional 4,426 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of IDT in the 4th quarter valued at approximately $475,000. Finally, Sei Investments Co. bought a new stake in IDT during the 4th quarter worth approximately $294,000. 59.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

IDT Trading Down 1.6 %

IDT opened at $51.80 on Monday. The firm’s fifty day simple moving average is $48.77 and its 200 day simple moving average is $47.30. The stock has a market capitalization of $1.31 billion, a P/E ratio of 17.74 and a beta of 0.84. IDT Co. has a 12 month low of $33.84 and a 12 month high of $58.77.

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

IDT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were paid a dividend of $0.06 per share. This is a boost from IDT’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. IDT’s dividend payout ratio (DPR) is currently 7.62%.

Insider Activity

In related news, CTO David Wartell sold 10,735 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.32% of the stock is owned by corporate insiders.

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.