Renaissance Technologies LLC Has $39.75 Million Position in IDT Co. (NYSE:IDT)

Renaissance Technologies LLC boosted its holdings in shares of IDT Co. (NYSE:IDT) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,106,606 shares of the utilities provider’s stock after buying an additional 29,100 shares during the period. Renaissance Technologies LLC owned approximately 4.37% of IDT worth $39,749,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. increased its position in shares of IDT by 8.3% during the second quarter. American Century Companies Inc. now owns 42,567 shares of the utilities provider’s stock worth $1,529,000 after acquiring an additional 3,279 shares in the last quarter. Quest Partners LLC increased its holdings in IDT by 57.1% during the 2nd quarter. Quest Partners LLC now owns 7,499 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 2,727 shares in the last quarter. Rhumbline Advisers raised its stake in shares of IDT by 3.4% in the second quarter. Rhumbline Advisers now owns 26,833 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 891 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of IDT in the second quarter valued at approximately $537,000. Finally, Americana Partners LLC purchased a new position in shares of IDT during the second quarter valued at approximately $898,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

Insider Buying and Selling at IDT

In other news, EVP Joyce J. Mason sold 7,570 shares of the company’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 completion of the transaction, the executive vice president now directly owns 12,996 shares of the company’s stock, valued at $484,101. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other IDT news, Director Eric F. Cosentino sold 800 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total value of $29,792.00. Following the transaction, the director now directly owns 551 shares in the company, valued at $20,519.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joyce J. Mason sold 7,570 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $37.25, for a total transaction of $281,982.50. Following the transaction, the executive vice president now directly owns 12,996 shares of the company’s stock, valued at $484,101. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,870 shares of company stock worth $329,880. Insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

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

IDT Price Performance

IDT opened at $38.43 on Thursday. IDT Co. has a fifty-two week low of $21.64 and a fifty-two week high of $41.58. The firm has a market capitalization of $973.65 million, a P/E ratio of 27.45 and a beta of 0.79. The company’s 50-day moving average is $37.14 and its 200 day moving average is $37.38.

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.