Americana Partners LLC Grows Stock Holdings in IDT Co. (NYSE:IDT)

Americana Partners LLC boosted its holdings in shares of IDT Co. (NYSE:IDT) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,166 shares of the utilities provider’s stock after purchasing an additional 4,166 shares during the quarter. Americana Partners LLC owned about 0.12% of IDT worth $1,113,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in IDT by 40.3% during the first quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock valued at $5,036,000 after acquiring an additional 38,290 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in IDT by 28.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 26,642 shares of the utilities provider’s stock valued at $1,007,000 after acquiring an additional 5,842 shares during the last quarter. Ritholtz Wealth Management bought a new position in IDT during the second quarter valued at $537,000. Marshall Wace LLP bought a new position in IDT during the second quarter valued at $976,000. Finally, CWM LLC increased its position in IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of IDT from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th.

Insiders Place Their Bets

In other IDT news, EVP Joyce J. Mason sold 2,094 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $46.18, for a total transaction of $96,700.92. Following the transaction, the executive vice president now directly owns 21,878 shares in the company, valued at $1,010,326.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other IDT news, CFO Marcelo Fischer sold 600 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00. Following the transaction, the chief financial officer now directly owns 37,573 shares in the company, valued at $1,824,920.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joyce J. Mason sold 2,094 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $46.18, for a total transaction of $96,700.92. Following the sale, the executive vice president now directly owns 21,878 shares of the company’s stock, valued at approximately $1,010,326.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,582 shares of company stock worth $1,632,568 in the last three months. Corporate insiders own 15.00% of the company’s stock.

IDT Trading Down 1.0 %

NYSE IDT opened at $46.47 on Friday. The company’s 50-day moving average price is $41.31 and its 200-day moving average price is $38.63. The stock has a market cap of $1.17 billion, a PE ratio of 18.30 and a beta of 0.78. IDT Co. has a 12 month low of $27.09 and a 12 month high of $49.60.

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

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s payout ratio is 7.87%.

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.