Versor Investments LP Invests $213,000 in IDT Co. (NYSE:IDT)

Versor Investments LP acquired a new stake in shares of IDT Co. (NYSE:IDT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,583 shares of the utilities provider’s stock, valued at approximately $213,000.

Several other large investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in shares of IDT by 2.7% during the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after acquiring an additional 29,100 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in IDT by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock valued at $22,494,000 after purchasing an additional 2,169 shares in the last quarter. Russell Investments Group Ltd. raised its position in IDT by 40.3% during the 1st quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock valued at $5,036,000 after purchasing an additional 38,290 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of IDT by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider’s stock worth $2,815,000 after buying an additional 5,454 shares during the period. Finally, Bank of Montreal Can grew its position in shares of IDT by 19.9% during the 2nd quarter. Bank of Montreal Can now owns 54,307 shares of the utilities provider’s stock worth $2,144,000 after buying an additional 9,012 shares in the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

IDT Price Performance

IDT stock opened at $49.37 on Friday. IDT Co. has a 1-year low of $27.09 and a 1-year high of $52.35. The business has a 50-day moving average price of $43.56 and a 200 day moving average price of $39.55. The company has a market capitalization of $1.25 billion, a P/E ratio of 19.44 and a beta of 0.77.

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. The business had revenue of $308.83 million for the quarter. IDT had a return on equity of 19.44% and a net margin of 5.35%.

IDT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, September 30th. IDT’s dividend payout ratio is currently 7.87%.

Insider Activity

In related news, COO Bill Pereira sold 29,175 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at $1,889,600. This trade represents a 42.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the sale, the chief financial officer now directly owns 37,573 shares in the company, valued at approximately $1,824,920.61. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,582 shares of company stock worth $1,632,568. 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.