IDT Co. (NYSE:IDT) Position Increased by Quest Partners LLC

Quest Partners LLC raised its position in IDT Co. (NYSE:IDT) by 40.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,554 shares of the utilities provider’s stock after purchasing an additional 3,055 shares during the quarter. Quest Partners LLC’s holdings in IDT were worth $403,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of IDT by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,647 shares of the utilities provider’s stock valued at $479,000 after buying an additional 635 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in IDT by 35.5% in the second quarter. Harbor Capital Advisors Inc. now owns 7,648 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 2,002 shares in the last quarter. CWM LLC increased its stake in shares of IDT by 53.2% during the 2nd quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 624 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of IDT by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider’s stock valued at $2,815,000 after purchasing an additional 5,454 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of IDT by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 625 shares during the last quarter. 59.34% of the stock is owned by institutional investors and hedge funds.

IDT Price Performance

IDT stock opened at $51.19 on Monday. IDT Co. has a one year low of $27.09 and a one year high of $52.35. The company’s fifty day moving average price is $44.87 and its two-hundred day moving average price is $40.01. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.15 and a beta of 0.77.

IDT (NYSE:IDT) last issued its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. IDT had a return on equity of 19.44% and a net margin of 5.35%. The business had revenue of $308.83 million for the quarter.

IDT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio is 7.87%.

Insider Transactions at IDT

In related news, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the completion of the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at approximately $1,824,920.61. The trade was a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bill Pereira sold 29,175 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total value of $1,378,227.00. Following the completion of the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at $1,889,600. This trade represents a 42.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,582 shares of company stock worth $1,632,568. 25.32% of the stock is owned by insiders.

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.