AQR Capital Management LLC Increases Stock Holdings in IDT Co. (NYSE:IDT)

AQR Capital Management LLC increased its holdings in IDT Co. (NYSE:IDT) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,604 shares of the utilities provider’s stock after buying an additional 3,140 shares during the quarter. AQR Capital Management LLC owned 0.12% of IDT worth $1,063,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of IDT by 53.2% in the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after buying an additional 624 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of IDT during the second quarter valued at $203,000. Principal Financial Group Inc. bought a new stake in IDT during the 1st quarter valued at about $254,000. Aristides Capital LLC bought a new stake in shares of IDT during the first quarter valued at approximately $268,000. Finally, Quest Partners LLC raised its position in IDT by 57.1% during the 2nd quarter. Quest Partners LLC now owns 7,499 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 2,727 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

IDT Stock Up 0.1 %

IDT stock opened at $48.01 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 34.29 and a beta of 0.78. IDT Co. has a 52 week low of $26.61 and a 52 week high of $49.60. The stock has a 50-day moving average price of $37.85 and a 200 day moving average price of $37.58.

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. IDT’s dividend payout ratio (DPR) is 14.29%.

Insider Buying and Selling

In related news, EVP Joyce J. Mason sold 7,570 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $37.25, for a total transaction of $281,982.50. Following the completion of the sale, the executive vice president now directly owns 12,996 shares in the company, valued at approximately $484,101. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Eric F. Cosentino sold 800 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total transaction of $29,792.00. Following the completion of the sale, the director now owns 551 shares of the company’s stock, valued at approximately $20,519.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joyce J. Mason sold 7,570 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $37.25, for a total value of $281,982.50. Following the transaction, the executive vice president now owns 12,996 shares in the company, valued at approximately $484,101. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

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.