IDT Co. (NYSE:IDT) Holdings Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in IDT Co. (NYSE:IDT) by 15.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,376 shares of the utilities provider’s stock after buying an additional 1,547 shares during the quarter. BNP Paribas Financial Markets’ holdings in IDT were worth $434,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its holdings in shares of IDT by 121.7% during the 3rd quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock valued at $3,653,000 after purchasing an additional 52,532 shares in the last quarter. Renaissance Technologies LLC grew its stake in IDT by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after buying an additional 29,100 shares during the last quarter. Marshall Wace LLP acquired a new position in IDT in the 2nd quarter valued at $976,000. Americana Partners LLC acquired a new position in IDT in the 2nd quarter valued at $898,000. Finally, FMR LLC grew its stake in IDT by 26.8% in the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock valued at $3,201,000 after buying an additional 17,725 shares during the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

IDT Trading Down 1.0 %

NYSE:IDT opened at $50.08 on Friday. IDT Co. has a 1 year low of $31.97 and a 1 year high of $58.77. The firm’s fifty day simple moving average is $48.83 and its 200 day simple moving average is $41.24. The firm has a market capitalization of $1.26 billion, a PE ratio of 17.15 and a beta of 0.78.

IDT (NYSE:IDT) last posted its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The business had revenue of $308.83 million for the quarter.

IDT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. IDT’s payout ratio is presently 6.85%.

Insiders Place Their Bets

In other IDT news, EVP Nadine Shea sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.74, for a total value of $53,740.00. Following the sale, the executive vice president now directly owns 4,775 shares in the company, valued at $256,608.50. This trade represents a 17.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 37,573 shares in the company, valued at $1,824,920.61. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,582 shares of company stock worth $1,686,308 in the last ninety days. 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.