IDT Co. (NYSE:IDT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of IDT Co. (NYSE:IDT) by 18.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,260 shares of the utilities provider’s stock after selling 208,952 shares during the quarter. Vanguard Group Inc. owned about 3.70% of IDT worth $20,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG lifted its holdings in shares of IDT by 11.0% during the 3rd quarter. Deutsche Bank AG now owns 160,460 shares of the utilities provider’s stock valued at $3,538,000 after acquiring an additional 15,903 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in IDT by 397.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 41,492 shares of the utilities provider’s stock worth $915,000 after buying an additional 33,146 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in IDT by 121.3% in the 3rd quarter. Hsbc Holdings PLC now owns 19,012 shares of the utilities provider’s stock worth $421,000 after buying an additional 10,422 shares in the last quarter. Barclays PLC lifted its holdings in IDT by 13.6% in the 3rd quarter. Barclays PLC now owns 7,437 shares of the utilities provider’s stock worth $164,000 after buying an additional 889 shares in the last quarter. Finally, Adirondack Retirement Specialists Inc. lifted its holdings in IDT by 9.2% in the 3rd quarter. Adirondack Retirement Specialists Inc. now owns 614,927 shares of the utilities provider’s stock worth $13,559,000 after buying an additional 51,694 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Price Performance

Shares of IDT stock opened at $36.94 on Friday. IDT Co. has a 12 month low of $21.64 and a 12 month high of $38.68. The firm has a market capitalization of $937.91 million, a P/E ratio of 25.48 and a beta of 0.97. The company’s fifty day moving average price is $36.89 and its two-hundred day moving average price is $32.71.

IDT (NYSE:IDT) last released its earnings results on Wednesday, March 6th. The utilities provider reported $0.59 earnings per share for the quarter. The company had revenue of $296.10 million during the quarter. IDT had a net margin of 3.08% and a return on equity of 20.18%.

IDT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 18th. IDT’s payout ratio is currently 13.79%.

Insider Transactions at IDT

In other news, CAO Mitch Silberman sold 2,115 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $38.01, for a total value of $80,391.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Mitch Silberman sold 2,115 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $38.01, for a total transaction of $80,391.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Bill Pereira sold 15,647 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $37.95, for a total transaction of $593,803.65. Following the sale, the chief operating officer now directly owns 49,999 shares of the company’s stock, valued at approximately $1,897,462.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,192 shares of company stock valued at $690,075. Insiders own 15.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IDT from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

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.