Ritholtz Wealth Management Purchases Shares of 14,955 IDT Co. (NYSE:IDT)

Ritholtz Wealth Management acquired a new position in shares of IDT Co. (NYSE:IDT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,955 shares of the utilities provider’s stock, valued at approximately $537,000. Ritholtz Wealth Management owned approximately 0.06% of IDT at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Americana Partners LLC acquired a new stake in IDT during the 2nd quarter valued at $898,000. Principal Financial Group Inc. grew its holdings in shares of IDT by 9.3% during the second quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 625 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of IDT by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 5,454 shares in the last quarter. CWM LLC raised its holdings in shares of IDT by 53.2% in the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after buying an additional 624 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in IDT by 35.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,648 shares of the utilities provider’s stock worth $275,000 after buying an additional 2,002 shares in the last quarter. Institutional investors own 59.34% of the company’s stock.

IDT Stock Performance

NYSE:IDT opened at $38.99 on Thursday. The company has a market cap of $987.97 million, a price-to-earnings ratio of 27.85 and a beta of 0.82. IDT Co. has a 52-week low of $21.64 and a 52-week high of $41.58. The stock’s fifty day moving average price is $36.77 and its two-hundred day moving average price is $37.29.

IDT (NYSE:IDT) last announced its quarterly earnings data on Wednesday, June 5th. The utilities provider reported $0.33 EPS for the quarter. The firm had revenue of $299.64 million during the quarter. IDT had a return on equity of 18.56% and a net margin of 2.97%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of IDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 19th.

Insider Activity

In related news, Director Eric F. Cosentino sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total transaction of $29,792.00. Following the completion of the sale, the director now directly owns 551 shares of the company’s stock, valued at $20,519.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Joyce J. Mason sold 7,570 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $37.25, for a total transaction of $281,982.50. Following the completion of the transaction, the executive vice president now owns 12,996 shares in the company, valued at $484,101. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric F. Cosentino sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total transaction of $29,792.00. Following the completion of the sale, the director now directly owns 551 shares of the company’s stock, valued at approximately $20,519.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,870 shares of company stock valued at $329,880. 15.00% of the stock is currently owned by insiders.

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.