SG Americas Securities LLC Buys New Position in IDT Co. (NYSE:IDT)

SG Americas Securities LLC purchased a new position in IDT Co. (NYSE:IDT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,937 shares of the utilities provider’s stock, valued at approximately $265,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of IDT by 53.2% in 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 in the last quarter. Point72 Asset Management L.P. increased its position in IDT by 176.9% in the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after buying an additional 2,300 shares in the last quarter. XTX Topco Ltd purchased a new stake in IDT in the second quarter worth about $203,000. Principal Financial Group Inc. bought a new position in shares of IDT in the first quarter worth about $254,000. Finally, Aristides Capital LLC purchased a new position in shares of IDT during the 1st quarter valued at about $268,000. 59.34% of the stock is currently owned by institutional investors.

IDT Price Performance

Shares of IDT stock opened at $47.45 on Monday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 33.89 and a beta of 0.78. IDT Co. has a one year low of $27.09 and a one year high of $49.60. The company’s fifty day moving average price is $39.28 and its 200-day moving average price is $37.98.

IDT Announces Dividend

The company 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 of this dividend was Monday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. IDT’s payout ratio is 14.29%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00. Following the sale, the chief financial officer now directly owns 37,573 shares in the company, valued at $1,824,920.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00. Following the sale, the chief financial officer now directly owns 37,573 shares in the company, valued at $1,824,920.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Bill Pereira sold 29,175 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the sale, the chief operating officer now owns 40,000 shares in the company, valued at $1,889,600. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,198 shares of company stock worth $1,427,825 in the last three months. Company insiders own 15.00% of the company’s stock.

IDT Company 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.