Point72 DIFC Ltd Has $35,000 Holdings in IDT Co. (NYSE:IDT)

Point72 DIFC Ltd decreased its position in IDT Co. (NYSE:IDT) by 30.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 980 shares of the utilities provider’s stock after selling 425 shares during the quarter. Point72 DIFC Ltd’s holdings in IDT were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in IDT in the 1st quarter valued at approximately $23,276,000. Russell Investments Group Ltd. raised its holdings in shares of IDT by 40.3% in the first 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 during the last quarter. Renaissance Technologies LLC lifted its position in shares of IDT by 2.7% in the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock worth $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 second quarter worth $976,000. Finally, Americana Partners LLC bought a new position in IDT in the second quarter valued at $898,000. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Performance

Shares of NYSE IDT opened at $38.43 on Monday. The stock has a market capitalization of $973.78 million, a PE ratio of 27.45 and a beta of 0.79. IDT Co. has a 52 week low of $21.64 and a 52 week high of $41.58. The stock has a 50 day moving average price of $37.41 and a 200 day moving average price of $37.45.

IDT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. IDT’s payout ratio is 14.29%.

Wall Street Analysts Forecast Growth

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

Insider Activity at IDT

In other IDT news, Director Eric F. Cosentino sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $37.24, for a total transaction of $29,792.00. Following the transaction, the director now owns 551 shares of the company’s stock, valued at $20,519.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Joyce J. Mason sold 7,570 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 12,996 shares in the company, valued at approximately $484,101. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric F. Cosentino sold 800 shares of IDT stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $37.24, for a total transaction of $29,792.00. Following 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 ninety days, insiders sold 8,870 shares of company stock worth $329,880. Insiders own 15.00% 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.