Cerity Partners LLC Has $3.65 Million Holdings in IDT Co. (NYSE:IDT)

Cerity Partners LLC increased its position in shares of IDT Co. (NYSE:IDT - Free Report) by 121.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,700 shares of the utilities provider's stock after purchasing an additional 52,532 shares during the quarter. Cerity Partners LLC owned 0.38% of IDT worth $3,653,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IDT. Price T Rowe Associates Inc. MD raised its position in shares of IDT by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,647 shares of the utilities provider's stock valued at $479,000 after buying an additional 635 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in IDT by 35.5% during the second quarter. Harbor Capital Advisors Inc. now owns 7,648 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 2,002 shares in the last quarter. CWM LLC lifted its stake in IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider's stock worth $65,000 after purchasing an additional 624 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of IDT by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider's stock valued at $2,815,000 after purchasing an additional 5,454 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of IDT by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 625 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors and hedge funds.

IDT Stock Performance

Shares of IDT stock remained flat at $51.64 during trading on Friday. The stock had a trading volume of 52,147 shares, compared to its average volume of 83,917. The company has a fifty day simple moving average of $46.16 and a 200-day simple moving average of $40.46. The stock has a market cap of $1.30 billion, a P/E ratio of 20.39 and a beta of 0.77. IDT Co. has a 12 month low of $27.09 and a 12 month high of $52.55.

IDT (NYSE:IDT - Get Free Report) last issued its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. IDT had a return on equity of 19.44% and a net margin of 5.35%. The firm had revenue of $308.83 million during the quarter.

IDT Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, September 30th. IDT's payout ratio is 7.87%.

Insider Buying and Selling at IDT

In other news, EVP Joyce J. Mason sold 2,290 shares of the firm's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $47.18, for a total transaction of $108,042.20. Following the completion of the transaction, the executive vice president now owns 37,113 shares of the company's stock, valued at approximately $1,750,991.34. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 on Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the transaction, the chief financial officer now owns 37,573 shares in the company, valued at approximately $1,824,920.61. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,582 shares of company stock worth $1,632,568 over the last quarter. Corporate 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.