UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in IDT Co. (NYSE:IDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in IDT Co. (NYSE:IDT) by 29.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,243 shares of the utilities provider’s stock after selling 8,976 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of IDT worth $811,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of IDT by 15.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,376 shares of the utilities provider’s stock valued at $434,000 after acquiring an additional 1,547 shares during the period. FMR LLC increased its stake in IDT by 26.8% in the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock valued at $3,201,000 after purchasing an additional 17,725 shares in the last quarter. Cerity Partners LLC raised its holdings in IDT by 121.7% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in IDT by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock worth $6,024,000 after purchasing an additional 6,183 shares during the last quarter. Finally, Quest Partners LLC boosted its position in IDT by 40.7% during the third quarter. Quest Partners LLC now owns 10,554 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Insider Activity at IDT

In other news, EVP Joyce J. Mason sold 2,094 shares of IDT stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $46.18, for a total transaction of $96,700.92. Following the completion of the sale, the executive vice president now directly owns 21,878 shares in the company, valued at $1,010,326.04. The trade was a 8.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nadine Shea sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $53.74, for a total transaction of $53,740.00. Following the transaction, the executive vice president now directly owns 4,775 shares in the company, valued at $256,608.50. The trade was a 17.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,582 shares of company stock valued at $1,686,308. 25.32% of the stock is owned by corporate insiders.

IDT Stock Up 1.3 %

Shares of IDT stock opened at $47.87 on Friday. The stock has a market cap of $1.21 billion, a P/E ratio of 16.39 and a beta of 0.78. IDT Co. has a fifty-two week low of $32.08 and a fifty-two week high of $58.77. The business has a fifty day simple moving average of $49.29 and a 200-day simple moving average of $41.48.

IDT (NYSE:IDT) last posted its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The firm had revenue of $308.83 million during the quarter.

IDT Cuts Dividend

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

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.