IDT Co. (NYSE:IDT) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of IDT Co. (NYSE:IDT) by 26.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,329 shares of the utilities provider’s stock after acquiring an additional 1,100 shares during the period. New York State Common Retirement Fund’s holdings in IDT were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IDT. Cerity Partners LLC grew its holdings 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 during the period. Geode Capital Management LLC raised its stake in shares of IDT by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock valued at $16,077,000 after acquiring an additional 25,541 shares during the period. Barclays PLC raised its stake in shares of IDT by 240.3% in the 3rd quarter. Barclays PLC now owns 27,066 shares of the utilities provider’s stock valued at $1,034,000 after acquiring an additional 19,112 shares during the period. FMR LLC lifted its holdings in shares of IDT by 26.8% in the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock worth $3,201,000 after acquiring an additional 17,725 shares during the last quarter. Finally, Summit Global Investments acquired a new position in IDT during the third quarter worth $637,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 1st.

IDT Stock Performance

Shares of IDT stock opened at $46.51 on Thursday. The company has a 50 day moving average price of $47.76 and a 200 day moving average price of $45.76. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $58.77. The stock has a market capitalization of $1.17 billion, a P/E ratio of 15.93 and a beta of 0.80.

IDT (NYSE:IDT) last announced its quarterly earnings data on Wednesday, December 4th. The utilities provider reported $0.69 EPS for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were issued a $0.05 dividend. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 0.42%. IDT’s payout ratio is 6.85%.

Insider Transactions at IDT

In other news, CTO David Wartell sold 17,116 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total value of $806,334.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. This trade represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 25.32% of the company’s stock.

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.