Victory Capital Management Inc. Grows Stock Position in IDT Co. (NYSE:IDT)

Victory Capital Management Inc. boosted its stake in shares of IDT Co. (NYSE:IDT) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,313 shares of the utilities provider’s stock after acquiring an additional 2,320 shares during the quarter. Victory Capital Management Inc. owned 0.14% of IDT worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of IDT. Ritholtz Wealth Management purchased a new stake in shares of IDT during the second quarter valued at approximately $537,000. Summit Global Investments bought a new stake in IDT during the 3rd quarter valued at $637,000. Americana Partners LLC purchased a new stake in IDT during the 2nd quarter valued at $898,000. Marshall Wace LLP bought a new stake in IDT in the 2nd quarter worth $976,000. Finally, New York State Teachers Retirement System purchased a new position in shares of IDT in the third quarter valued at about $54,000. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

IDT Trading Up 1.5 %

Shares of NYSE:IDT opened at $51.91 on Wednesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 20.44 and a beta of 0.77. IDT Co. has a 12 month low of $27.09 and a 12 month high of $52.35. The company has a 50-day moving average price of $45.40 and a 200-day moving average price of $40.21.

IDT (NYSE:IDT) last released its quarterly earnings results 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 during the quarter.

IDT Announces Dividend

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

Insider Activity at IDT

In other news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the sale, the chief financial officer now directly owns 37,573 shares of the company’s stock, valued at approximately $1,824,920.61. This trade represents a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $1,378,227.00. Following the transaction, the chief operating officer now owns 40,000 shares in the company, valued at $1,889,600. This represents a 42.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,582 shares of company stock worth $1,632,568 over the last quarter. Corporate insiders own 25.32% of the company’s stock.

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.