3,380 Shares in IDT Co. (NYSE:IDT) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in IDT Co. (NYSE:IDT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,380 shares of the utilities provider’s stock, valued at approximately $115,000.

A number of other institutional investors also recently bought and sold shares of IDT. Bandera Partners LLC lifted its position in IDT by 98.7% in the first quarter. Bandera Partners LLC now owns 470,000 shares of the utilities provider’s stock worth $16,022,000 after buying an additional 233,441 shares during the last quarter. FMR LLC increased its stake in IDT by 27.9% in the first quarter. FMR LLC now owns 726,232 shares of the utilities provider’s stock worth $24,750,000 after purchasing an additional 158,521 shares during the period. Vanguard Group Inc. increased its stake in IDT by 12.6% in the third quarter. Vanguard Group Inc. now owns 1,155,764 shares of the utilities provider’s stock worth $28,698,000 after purchasing an additional 129,726 shares during the period. Millennium Management LLC increased its stake in IDT by 701.7% in the fourth quarter. Millennium Management LLC now owns 137,024 shares of the utilities provider’s stock worth $3,860,000 after purchasing an additional 119,932 shares during the period. Finally, BlackRock Inc. increased its stake in IDT by 8.5% in the third quarter. BlackRock Inc. now owns 1,315,980 shares of the utilities provider’s stock worth $32,676,000 after purchasing an additional 102,831 shares during the period. 59.34% of the stock is currently owned by institutional investors.

Insider Activity

In other IDT news, COO Bill Pereira sold 15,647 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $37.95, for a total value of $593,803.65. Following the completion of the transaction, the chief operating officer now directly owns 49,999 shares in the company, valued at $1,897,462.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other IDT news, COO Bill Pereira sold 15,647 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $37.95, for a total value of $593,803.65. Following the completion of the transaction, the chief operating officer now directly owns 49,999 shares in the company, valued at $1,897,462.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mitch Silberman sold 2,115 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $38.01, for a total value of $80,391.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,192 shares of company stock worth $690,075. Company insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded IDT from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

IDT Stock Up 0.6 %

IDT stock opened at $35.98 on Friday. The business’s fifty day simple moving average is $36.98 and its two-hundred day simple moving average is $33.03. IDT Co. has a twelve month low of $21.64 and a twelve month high of $38.68. The firm has a market cap of $913.53 million, a price-to-earnings ratio of 24.81 and a beta of 0.97.

IDT (NYSE:IDT) last announced its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.59 EPS for the quarter. The firm had revenue of $296.10 million for the quarter. IDT had a return on equity of 20.18% and a net margin of 3.08%.

IDT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. IDT’s dividend payout ratio is currently 13.79%.

IDT Company 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.