IDT Co. (NYSE:IDT) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in IDT Co. (NYSE:IDT) by 240.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,066 shares of the utilities provider’s stock after acquiring an additional 19,112 shares during the quarter. Barclays PLC owned approximately 0.11% of IDT worth $1,034,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Ritholtz Wealth Management acquired a new position in IDT in the 2nd quarter valued at $537,000. Point72 Asset Management L.P. boosted its position in shares of IDT by 272.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 13,396 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 9,796 shares in the last quarter. Cerity Partners LLC boosted its position 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 worth $3,653,000 after purchasing an additional 52,532 shares in the last quarter. FMR LLC boosted its position in shares of IDT by 26.8% during the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock worth $3,201,000 after purchasing an additional 17,725 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in shares of IDT during the 3rd quarter worth $637,000. 59.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other IDT news, CFO Marcelo Fischer sold 600 shares of the company’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 transaction, the chief financial officer now directly owns 37,573 shares in the company, valued at approximately $1,824,920.61. This represents a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Bill Pereira sold 29,175 shares of the company’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 directly owns 40,000 shares of the company’s stock, valued at approximately $1,889,600. This represents a 42.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,698 shares of company stock worth $2,492,643 in the last three months. Corporate insiders own 25.32% of the company’s stock.

IDT Stock Down 1.4 %

IDT stock opened at $47.27 on Tuesday. IDT Co. has a 52 week low of $32.08 and a 52 week high of $58.77. The firm’s 50-day simple moving average is $49.38 and its 200 day simple moving average is $42.03. The firm has a market capitalization of $1.19 billion, a PE ratio of 16.19 and a beta of 0.78.

IDT (NYSE:IDT) last released its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 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 Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be given a $0.05 dividend. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 0.42%. IDT’s dividend payout ratio is presently 6.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of IDT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th.

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.