Fmr LLC Buys 17,725 Shares of IDT Co. (NYSE:IDT)

FMR LLC raised its stake in shares of IDT Co. (NYSE:IDT - Free Report) by 26.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,868 shares of the utilities provider's stock after purchasing an additional 17,725 shares during the period. FMR LLC owned 0.33% of IDT worth $3,201,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of IDT in the 3rd quarter worth about $54,000. CWM LLC raised its position in shares of IDT by 53.2% in the 2nd quarter. CWM LLC now owns 1,797 shares of the utilities provider's stock worth $65,000 after acquiring an additional 624 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of IDT by 176.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider's stock worth $129,000 after acquiring an additional 2,300 shares in the last quarter. XTX Topco Ltd bought a new position in shares of IDT in the 2nd quarter worth about $203,000. Finally, Versor Investments LP bought a new position in shares of IDT in the 3rd quarter worth about $213,000. 59.34% of the stock is owned by institutional investors.

Insider Activity

In other IDT news, COO Bill Pereira sold 29,175 shares of IDT stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the completion of the transaction, the chief operating officer now owns 40,000 shares in the company, valued at approximately $1,889,600. The trade was a 42.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marcelo Fischer sold 600 shares of IDT stock in a transaction dated Monday, October 14th. The shares were 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 trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,582 shares of company stock worth $1,686,308 in the last three months. Company insiders own 25.32% of the company's stock.

IDT Stock Performance

Shares of IDT stock traded down $0.52 during mid-day trading on Friday, hitting $50.08. The company's stock had a trading volume of 70,201 shares, compared to its average volume of 85,804. The company's fifty day simple moving average is $48.83 and its 200-day simple moving average is $41.24. IDT Co. has a 52 week low of $31.97 and a 52 week high of $58.77. The company has a market cap of $1.26 billion, a PE ratio of 17.15 and a beta of 0.78.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. The firm had revenue of $308.83 million during the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.40%. IDT's dividend payout ratio is presently 6.85%.

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.