IDT Co. (NYSE:IDT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of IDT Co. (NYSE:IDT) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,096 shares of the utilities provider’s stock after buying an additional 25,541 shares during the quarter. Geode Capital Management LLC owned 1.67% of IDT worth $16,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its position in shares of IDT by 240.3% during the third quarter. Barclays PLC now owns 27,066 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 19,112 shares during the period. XTX Topco Ltd boosted its position in shares of IDT by 68.9% in the third quarter. XTX Topco Ltd now owns 9,564 shares of the utilities provider’s stock worth $365,000 after buying an additional 3,903 shares during the period. State Street Corp boosted its position in shares of IDT by 0.5% in the third quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock worth $14,911,000 after buying an additional 2,071 shares during the period. Point72 Asset Management L.P. grew its position in IDT by 272.1% during the third quarter. Point72 Asset Management L.P. now owns 13,396 shares of the utilities provider’s stock valued at $511,000 after purchasing an additional 9,796 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in IDT during the third quarter valued at $273,000. 59.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at IDT

In related news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the transaction, the chief financial officer now directly owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This trade represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bill Pereira sold 29,175 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was 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 $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,698 shares of company stock worth $2,492,643. Insiders own 25.32% of the company’s stock.

IDT Stock Performance

NYSE:IDT opened at $47.93 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of 16.41 and a beta of 0.78. The stock’s 50 day moving average price is $49.35 and its 200 day moving average price is $41.95. IDT Co. has a 52 week low of $32.08 and a 52 week high of $58.77.

IDT (NYSE:IDT) last released its quarterly 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 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 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 presently 6.85%.

Analysts Set New Price Targets

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

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.