Barclays PLC Has $1.03 Million Position in IDT Co. (NYSE:IDT)

Barclays PLC lifted its stake in IDT Co. (NYSE:IDT) by 240.3% during the third quarter, HoldingsChannel reports. The fund owned 27,066 shares of the utilities provider’s stock after purchasing an additional 19,112 shares during the quarter. Barclays PLC’s holdings in IDT were worth $1,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of IDT by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock worth $39,749,000 after purchasing an additional 29,100 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in IDT by 0.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock worth $22,494,000 after buying an additional 2,169 shares during the last quarter. Geode Capital Management LLC raised its holdings in IDT by 6.5% during the third quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock valued at $16,077,000 after buying an additional 25,541 shares in the last quarter. State Street Corp boosted its stake in shares of IDT by 0.5% during the 3rd quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock worth $14,911,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of IDT by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock worth $6,024,000 after acquiring an additional 6,183 shares in the last quarter. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 1st.

IDT Trading Up 2.0 %

Shares of IDT stock opened at $46.98 on Wednesday. The firm has a fifty day simple moving average of $49.38 and a 200-day simple moving average of $42.87. IDT Co. has a 1-year low of $32.08 and a 1-year high of $58.77. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.09 and a beta of 0.81.

IDT Cuts Dividend

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

Insiders Place Their Bets

In other news, EVP Joyce J. Mason sold 2,094 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $46.18, for a total value of $96,700.92. Following the sale, the executive vice president now owns 21,878 shares in the company, valued at approximately $1,010,326.04. This trade represents a 8.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.74, for a total transaction of $53,740.00. Following the completion of the sale, the executive vice president now directly owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. This trade represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,500 shares of company stock valued at $1,064,818 in the last quarter. Insiders own 25.32% of the company’s stock.

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.