Wealth Enhancement Advisory Services LLC Acquires Shares of 615,609 IDT Co. (NYSE:IDT)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of IDT Co. (NYSE:IDT) in the 1st quarter, HoldingsChannel reports. The fund bought 615,609 shares of the utilities provider’s stock, valued at approximately $23,276,000.

Several other large investors have also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC increased its holdings in IDT by 28.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 53,367 shares of the utilities provider’s stock worth $1,819,000 after acquiring an additional 11,875 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in IDT by 163.3% in the 4th quarter. Russell Investments Group Ltd. now owns 94,905 shares of the utilities provider’s stock worth $3,235,000 after acquiring an additional 58,859 shares during the last quarter. Hsbc Holdings PLC increased its holdings in IDT by 121.3% in the 3rd quarter. Hsbc Holdings PLC now owns 19,012 shares of the utilities provider’s stock worth $421,000 after acquiring an additional 10,422 shares during the last quarter. Barclays PLC increased its holdings in IDT by 13.6% in the 3rd quarter. Barclays PLC now owns 7,437 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 889 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in IDT by 22.6% in the 4th quarter. Victory Capital Management Inc. now owns 40,070 shares of the utilities provider’s stock worth $1,366,000 after acquiring an additional 7,380 shares during the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 6th.

IDT Stock Up 0.4 %

IDT stock opened at $35.66 on Friday. The firm has a market capitalization of $903.62 million, a PE ratio of 25.47 and a beta of 0.97. IDT Co. has a twelve month low of $21.64 and a twelve month high of $41.58. The stock has a 50-day simple moving average of $37.88 and a two-hundred day simple moving average of $36.32.

IDT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. IDT’s dividend payout ratio (DPR) is presently 14.29%.

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.