Quest Partners LLC Purchases 2,727 Shares of IDT Co. (NYSE:IDT)

Quest Partners LLC lifted its position in shares of IDT Co. (NYSE:IDT) by 57.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,499 shares of the utilities provider’s stock after purchasing an additional 2,727 shares during the quarter. Quest Partners LLC’s holdings in IDT were worth $269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in shares of IDT by 53.2% during the second 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of IDT by 58.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,387 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 1,250 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of IDT during the first quarter worth $254,000. Aristides Capital LLC acquired a new stake in shares of IDT during the first quarter worth $268,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of IDT by 35.5% during the second quarter. Harbor Capital Advisors Inc. now owns 7,648 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 2,002 shares during the period. 59.34% of the stock is owned by institutional investors.

IDT Stock Up 2.4 %

Shares of NYSE:IDT opened at $37.70 on Friday. IDT Co. has a 12 month low of $21.64 and a 12 month high of $41.58. The company’s fifty day simple moving average is $36.98 and its 200 day simple moving average is $37.36. The firm has a market cap of $955.32 million, a price-to-earnings ratio of 26.93 and a beta of 0.79.

Insider Buying and Selling

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

Analyst Ratings Changes

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

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.