Jane Street Group LLC Lowers Stock Position in IDT Co. (NYSE:IDT)

Jane Street Group LLC cut its holdings in IDT Co. (NYSE:IDT) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,518 shares of the utilities provider’s stock after selling 568 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of IDT worth $860,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of IDT by 2.7% in the 2nd 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 during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of IDT by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock valued at $22,494,000 after buying an additional 2,169 shares in the last quarter. State Street Corp grew its stake in shares of IDT by 0.5% during the 3rd quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock valued at $14,911,000 after acquiring an additional 2,071 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in IDT by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock worth $6,024,000 after acquiring an additional 6,183 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in IDT by 121.7% during the 3rd quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock worth $3,653,000 after acquiring an additional 52,532 shares during the period. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Up 0.5 %

Shares of IDT stock opened at $47.52 on Thursday. IDT Co. has a twelve month low of $32.08 and a twelve month high of $58.77. The business has a 50-day moving average price of $49.41 and a 200-day moving average price of $42.15. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 16.27 and a beta of 0.78.

IDT (NYSE:IDT) last issued its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. The business had revenue of $308.83 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a $0.05 dividend. This represents a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 23rd. IDT’s dividend payout ratio (DPR) is currently 6.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Insiders Place Their Bets

In related news, CFO Marcelo Fischer sold 600 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $48.57, for a total value of $29,142.00. Following the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bill Pereira sold 29,175 shares of IDT 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 completion of the sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,698 shares of company stock valued at $2,492,643 over the last 90 days. Insiders own 25.32% of the company’s stock.

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.