Geode Capital Management LLC Has $31.44 Million Holdings in IDT Corporation $IDT

Geode Capital Management LLC lifted its position in shares of IDT Corporation (NYSE:IDT) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 460,089 shares of the utilities provider’s stock after buying an additional 19,275 shares during the quarter. Geode Capital Management LLC’s holdings in IDT were worth $31,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IDT. CSM Advisors LLC bought a new stake in IDT during the second quarter valued at $5,608,000. Bank of New York Mellon Corp raised its position in shares of IDT by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,762 shares of the utilities provider’s stock worth $7,772,000 after acquiring an additional 2,510 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of IDT by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 1,298 shares of the utilities provider’s stock valued at $89,000 after purchasing an additional 182 shares during the period. Longboard Asset Management LP bought a new stake in shares of IDT during the 2nd quarter valued at about $217,000. Finally, Rhumbline Advisers grew its stake in IDT by 1.2% during the first quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock worth $1,346,000 after purchasing an additional 320 shares during the period. Institutional investors own 59.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded IDT from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of IDT in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

IDT Stock Performance

Shares of NYSE:IDT opened at $50.23 on Friday. IDT Corporation has a 52-week low of $44.76 and a 52-week high of $71.12. The business’s 50 day simple moving average is $51.85 and its two-hundred day simple moving average is $58.93. The firm has a market cap of $1.27 billion, a P/E ratio of 16.69 and a beta of 0.88.

IDT (NYSE:IDT) last released its quarterly earnings data on Tuesday, March 18th. The utilities provider reported $0.71 EPS for the quarter. IDT had a return on equity of 27.03% and a net margin of 6.18%.The firm had revenue of $309.57 million during the quarter.

IDT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.5%. IDT’s dividend payout ratio is presently 7.97%.

IDT 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.