IDT Co. (NYSE:IDT) Shares Sold by Algert Global LLC

Algert Global LLC reduced its position in IDT Co. (NYSE:IDT) by 9.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 69,380 shares of the utilities provider’s stock after selling 6,900 shares during the quarter. Algert Global LLC’s holdings in IDT were worth $2,648,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IDT. Cerity Partners LLC boosted its holdings in shares of IDT by 121.7% in the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock valued at $3,653,000 after acquiring an additional 52,532 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in IDT by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after purchasing an additional 29,100 shares in the last quarter. Marshall Wace LLP acquired a new position in IDT during the 2nd quarter worth approximately $976,000. Americana Partners LLC purchased a new position in shares of IDT during the 2nd quarter worth approximately $898,000. Finally, Summit Global Investments acquired a new stake in shares of IDT in the 3rd quarter valued at approximately $637,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Insider Transactions at IDT

In related news, COO Bill Pereira sold 29,175 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total value of $1,378,227.00. Following the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at $1,889,600. The trade was a 42.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00. Following the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold 34,582 shares of company stock valued at $1,632,568 in the last quarter. 25.32% of the stock is currently owned by corporate insiders.

IDT Price Performance

Shares of IDT stock opened at $51.91 on Wednesday. The business’s fifty day moving average price is $45.40 and its 200 day moving average price is $40.21. The firm has a market capitalization of $1.31 billion, a PE ratio of 20.44 and a beta of 0.77. IDT Co. has a 1-year low of $27.09 and a 1-year high of $52.35.

IDT (NYSE:IDT) last announced its quarterly earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. IDT had a net margin of 5.35% and a return on equity of 19.44%. The business had revenue of $308.83 million during the quarter.

IDT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.05 per share. The ex-dividend date was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. IDT’s payout ratio is 7.87%.

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.