New York State Teachers Retirement System Acquires New Shares in IDT Co. (NYSE:IDT)

New York State Teachers Retirement System bought a new stake in shares of IDT Co. (NYSE:IDT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,408 shares of the utilities provider’s stock, valued at approximately $54,000.

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC raised its stake in shares of IDT by 53.2% during the 2nd quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 624 shares during the period. Point72 Asset Management L.P. grew its holdings in IDT by 176.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after buying an additional 2,300 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of IDT during the second quarter valued at about $203,000. SG Americas Securities LLC bought a new stake in shares of IDT during the third quarter valued at about $265,000. Finally, Aristides Capital LLC purchased a new stake in shares of IDT in the first quarter worth about $268,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

IDT Stock Performance

IDT stock opened at $50.30 on Monday. IDT Co. has a fifty-two week low of $27.09 and a fifty-two week high of $50.75. The stock has a market cap of $1.27 billion, a P/E ratio of 19.80 and a beta of 0.77. The firm’s fifty day moving average price is $42.37 and its 200-day moving average price is $39.08.

IDT (NYSE:IDT) last announced its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a return on equity of 19.44% and a net margin of 5.35%. The business had revenue of $308.83 million for the quarter.

IDT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Monday, September 30th. IDT’s dividend payout ratio is currently 7.87%.

Insider Buying and Selling at IDT

In other IDT news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction dated 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 owns 37,573 shares in the company, valued at $1,824,920.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the sale, the chief financial officer now owns 37,573 shares of the company’s stock, valued at approximately $1,824,920.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Bill Pereira sold 29,175 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $1,889,600. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,582 shares of company stock worth $1,632,568 over the last three months. 15.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.