Teacher Retirement System of Texas Raises Holdings in IDT Co. (NYSE:IDT)

Teacher Retirement System of Texas boosted its position in IDT Co. (NYSE:IDT) by 163.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,349 shares of the utilities provider’s stock after purchasing an additional 29,399 shares during the quarter. Teacher Retirement System of Texas’ holdings in IDT were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of IDT during the 4th quarter valued at about $387,000. Raymond James Financial Inc. purchased a new stake in shares of IDT in the fourth quarter worth about $201,000. Arizona State Retirement System acquired a new stake in shares of IDT in the fourth quarter valued at about $229,000. Proficio Capital Partners LLC purchased a new stake in shares of IDT during the 4th quarter valued at about $1,018,000. Finally, Victory Capital Management Inc. lifted its position in IDT by 6.6% during the 4th quarter. Victory Capital Management Inc. now owns 36,564 shares of the utilities provider’s stock worth $1,738,000 after acquiring an additional 2,251 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

Analyst Ratings Changes

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

IDT Price Performance

IDT stock opened at $52.29 on Thursday. IDT Co. has a 12-month low of $33.84 and a 12-month high of $58.77. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.91 and a beta of 0.84. The firm’s fifty day moving average price is $48.59 and its 200 day moving average price is $47.01.

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

IDT Increases Dividend

The firm also recently announced 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 was Monday, March 17th. IDT’s dividend payout ratio is 7.62%.

Insider Transactions at IDT

In other IDT news, CTO David Wartell sold 10,735 shares of the stock in a transaction on 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 25.32% of the company’s stock.

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.