Barclays PLC Increases Stock Position in IDT Co. (NYSE:IDT)

Barclays PLC raised its stake in IDT Co. (NYSE:IDT - Free Report) by 240.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,066 shares of the utilities provider's stock after purchasing an additional 19,112 shares during the quarter. Barclays PLC owned 0.11% of IDT worth $1,034,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IDT. New York State Teachers Retirement System purchased a new position in shares of IDT during the 3rd quarter worth approximately $54,000. Point72 Asset Management L.P. grew its holdings in IDT by 176.9% during the second 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 during the period. Versor Investments LP purchased a new position in IDT in the third quarter worth $213,000. XTX Topco Ltd acquired a new stake in IDT in the second quarter valued at $203,000. Finally, SG Americas Securities LLC purchased a new stake in shares of IDT during the 3rd quarter worth $265,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

IDT Trading Up 2.0 %

Shares of NYSE:IDT traded up $0.93 during midday trading on Wednesday, hitting $48.02. 82,727 shares of the stock were exchanged, compared to its average volume of 75,940. The stock has a market cap of $1.21 billion, a P/E ratio of 16.45 and a beta of 0.81. IDT Co. has a twelve month low of $32.08 and a twelve month high of $58.77. The company has a 50 day moving average price of $49.38 and a 200-day moving average price of $42.87.

IDT Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.05 dividend. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 23rd. IDT's dividend payout ratio (DPR) is presently 6.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised IDT from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 1st.

Insider Activity

In related news, EVP Nadine Shea sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.74, for a total transaction of $53,740.00. Following the sale, the executive vice president now owns 4,775 shares of the company's stock, valued at $256,608.50. This trade represents a 17.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joyce J. Mason sold 2,290 shares of IDT stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $47.18, for a total value of $108,042.20. Following the sale, the executive vice president now owns 37,113 shares of the company's stock, valued at approximately $1,750,991.34. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock worth $1,064,818 over the last ninety days. 25.32% of the stock is currently owned by insiders.

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.