IDT Co. (NYSE:IDT) Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of IDT Co. (NYSE:IDT) by 4.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 157,808 shares of the utilities provider’s stock after buying an additional 6,183 shares during the period. Charles Schwab Investment Management Inc.’s holdings in IDT were worth $6,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IDT. Ritholtz Wealth Management acquired a new stake in IDT during the 2nd quarter worth about $537,000. Summit Global Investments purchased a new stake in shares of IDT during the 3rd quarter worth about $637,000. Americana Partners LLC purchased a new stake in shares of IDT during the 2nd quarter worth about $898,000. Marshall Wace LLP purchased a new stake in shares of IDT during the 2nd quarter worth about $976,000. Finally, New York State Teachers Retirement System bought a new position in shares of IDT in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Stock Down 1.7 %

Shares of NYSE IDT opened at $50.56 on Friday. The business’s 50 day moving average is $48.59 and its two-hundred day moving average is $41.18. The company has a market cap of $1.28 billion, a P/E ratio of 17.32 and a beta of 0.78. IDT Co. has a 12 month low of $31.20 and a 12 month high of $58.77.

IDT (NYSE:IDT) last announced its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a return on equity of 23.09% and a net margin of 6.10%. The company had revenue of $308.83 million for the quarter.

IDT Announces Dividend

The business also recently declared 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 0.40%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio is 6.85%.

Insider Activity at IDT

In other news, EVP Joyce J. Mason sold 2,094 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $46.18, for a total transaction of $96,700.92. Following the completion of the sale, the executive vice president now owns 21,878 shares in the company, valued at $1,010,326.04. The trade was a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Bill Pereira sold 29,175 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total value of $1,378,227.00. Following the sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at approximately $1,889,600. The trade was a 42.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,582 shares of company stock valued at $1,686,308 in the last 90 days. 25.32% of the stock is owned by corporate insiders.

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.