WINTON GROUP Ltd Makes New $358,000 Investment in IDT Co. (NYSE:IDT)

WINTON GROUP Ltd purchased a new position in IDT Co. (NYSE:IDT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,540 shares of the utilities provider's stock, valued at approximately $358,000.

Several other institutional investors have also added to or reduced their stakes in IDT. Point72 Asset Management L.P. grew its holdings in shares of IDT by 272.1% in the third quarter. Point72 Asset Management L.P. now owns 13,396 shares of the utilities provider's stock worth $511,000 after purchasing an additional 9,796 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in IDT in the 4th quarter worth $1,018,000. JPMorgan Chase & Co. increased its position in shares of IDT by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 55,876 shares of the utilities provider's stock valued at $2,133,000 after acquiring an additional 5,417 shares during the period. Barclays PLC increased its position in shares of IDT by 240.3% in the third quarter. Barclays PLC now owns 27,066 shares of the utilities provider's stock valued at $1,034,000 after acquiring an additional 19,112 shares during the period. Finally, FMR LLC raised its stake in shares of IDT by 26.8% during the third quarter. FMR LLC now owns 83,868 shares of the utilities provider's stock valued at $3,201,000 after acquiring an additional 17,725 shares during the last quarter. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at IDT

In related news, CTO David Wartell sold 10,735 shares of IDT 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.32% of the stock is currently owned by corporate insiders.

IDT Trading Down 3.6 %

NYSE IDT traded down $1.85 during trading on Friday, hitting $49.05. The company had a trading volume of 146,396 shares, compared to its average volume of 91,592. The company's fifty day moving average is $49.13 and its 200-day moving average is $47.64. IDT Co. has a one year low of $33.84 and a one year high of $58.77. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 16.80 and a beta of 0.84.

IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. The company 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. 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 presently 7.62%.

Analysts Set New Price Targets

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

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.