Bank of Montreal Can Invests $1.17 Million in IDT Co. (NYSE:IDT)

Bank of Montreal Can bought a new position in IDT Co. (NYSE:IDT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 43,877 shares of the utilities provider’s stock, valued at approximately $1,166,000. Bank of Montreal Can owned about 0.17% of IDT at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of IDT by 10.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,549 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 336 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of IDT by 1.8% in the fourth quarter. Alliancebernstein L.P. now owns 20,250 shares of the utilities provider’s stock worth $570,000 after purchasing an additional 350 shares during the last quarter. American International Group Inc. increased its holdings in shares of IDT by 5.1% in the fourth quarter. American International Group Inc. now owns 7,339 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 354 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of IDT by 1.7% in the first quarter. Bank of America Corp DE now owns 26,255 shares of the utilities provider’s stock worth $895,000 after purchasing an additional 444 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of IDT by 58.3% in the second quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 510 shares during the last quarter. 81.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut IDT from a “buy” rating to a “hold” rating in a research note on Friday, October 13th.

IDT Price Performance

Shares of NYSE IDT opened at $28.17 on Friday. The business’s 50 day moving average is $25.83 and its two-hundred day moving average is $26.66. IDT Co. has a 1-year low of $21.64 and a 1-year high of $35.18. The stock has a market capitalization of $708.81 million, a P/E ratio of 17.83 and a beta of 1.12.

IDT (NYSE:IDT) last issued its quarterly earnings data on Thursday, October 12th. The utilities provider reported $0.34 earnings per share for the quarter. IDT had a return on equity of 22.88% and a net margin of 3.27%. The company had revenue of $303.81 million for the quarter.

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.