New Age Alpha Advisors LLC Purchases New Position in IDT Co. (NYSE:IDT)

New Age Alpha Advisors LLC purchased a new position in shares of IDT Co. (NYSE:IDT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,816 shares of the utilities provider’s stock, valued at approximately $134,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position 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 buying an additional 4,426 shares in the last quarter. Geode Capital Management LLC lifted its holdings in IDT by 6.5% during the third quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock valued at $16,077,000 after purchasing an additional 25,541 shares in the last quarter. State Street Corp grew its position in shares of IDT by 0.5% in the third quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock valued at $14,911,000 after purchasing an additional 2,071 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of IDT by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 162,665 shares of the utilities provider’s stock worth $7,730,000 after purchasing an additional 4,857 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in IDT by 101.5% in the 4th quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider’s stock valued at $5,351,000 after buying an additional 56,738 shares in the last quarter. 59.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO David Wartell sold 10,735 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.32% of the stock is currently owned by company insiders.

IDT Stock Performance

Shares of IDT stock opened at $52.38 on Thursday. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $58.77. The stock’s fifty day moving average is $49.02 and its two-hundred day moving average is $47.54. The firm has a market capitalization of $1.32 billion, a P/E ratio of 17.94 and a beta of 0.84.

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

IDT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 17th were issued a $0.06 dividend. 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. This is a boost from IDT’s previous quarterly dividend of $0.05. IDT’s dividend payout ratio (DPR) is currently 7.62%.

Wall Street Analyst Weigh In

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

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.