Point72 DIFC Ltd Sells 249 Shares of IDT Co. (NYSE:IDT)

Point72 DIFC Ltd lessened its holdings in IDT Co. (NYSE:IDT) by 25.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731 shares of the utilities provider’s stock after selling 249 shares during the quarter. Point72 DIFC Ltd’s holdings in IDT were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new stake in IDT during the third quarter worth about $54,000. CWM LLC raised its holdings in shares of IDT by 53.2% in the 2nd 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 period. Point72 Asset Management L.P. lifted its stake in IDT by 176.9% in the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 2,300 shares during the last quarter. XTX Topco Ltd bought a new position in IDT during the second quarter valued at $203,000. Finally, Versor Investments LP purchased a new stake in IDT in the third quarter worth $213,000. 59.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at IDT

In other IDT news, EVP Nadine Shea sold 1,000 shares of IDT stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.74, for a total transaction of $53,740.00. Following the completion of the transaction, the executive vice president now owns 4,775 shares of the company’s stock, valued at $256,608.50. The trade was a 17.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marcelo Fischer sold 600 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the completion of the sale, the chief financial officer now directly owns 37,573 shares in the company, valued at approximately $1,824,920.61. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,582 shares of company stock valued at $1,686,308 in the last 90 days. 25.32% of the stock is currently owned by company insiders.

IDT Price Performance

Shares of IDT opened at $52.20 on Wednesday. The firm has a market cap of $1.32 billion, a PE ratio of 17.88 and a beta of 0.78. IDT Co. has a 1 year low of $31.00 and a 1 year high of $58.77. The stock’s fifty day moving average price is $47.78 and its two-hundred day moving average price is $40.96.

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

IDT Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. IDT’s dividend payout ratio is 6.85%.

About IDT

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.