Dynamic Technology Lab Private Ltd Decreases Stock Position in IDT Co. (NYSE:IDT)

Dynamic Technology Lab Private Ltd decreased its stake in shares of IDT Co. (NYSE:IDT) by 38.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,548 shares of the utilities provider’s stock after selling 5,282 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in IDT were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. CWM LLC grew its position in shares of IDT by 53.2% during 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. Principal Financial Group Inc. grew its holdings in IDT by 9.3% during the 2nd quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 625 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 635 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of IDT by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 26,833 shares of the utilities provider’s stock valued at $964,000 after purchasing an additional 891 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of IDT during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Stock Performance

Shares of IDT stock opened at $51.64 on Friday. IDT Co. has a 12 month low of $27.09 and a 12 month high of $52.55. The company has a market cap of $1.30 billion, a P/E ratio of 20.33 and a beta of 0.77. The firm has a fifty day moving average price of $46.16 and a 200 day moving average price of $40.46.

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

IDT Announces Dividend

The business also recently disclosed 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 was Monday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.39%. IDT’s dividend payout ratio is presently 7.87%.

Insider Activity

In other IDT news, EVP Joyce J. Mason sold 2,094 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $46.18, for a total value of $96,700.92. Following the completion of the transaction, the executive vice president now owns 21,878 shares in the company, valued at $1,010,326.04. This represents a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Bill Pereira sold 29,175 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,582 shares of company stock worth $1,632,568. 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.