Y Intercept Hong Kong Ltd Sells 7,064 Shares of IDT Co. (NYSE:IDT)

Y Intercept Hong Kong Ltd trimmed its position in shares of IDT Co. (NYSE:IDT) by 47.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,840 shares of the utilities provider’s stock after selling 7,064 shares during the period. Y Intercept Hong Kong Ltd’s holdings in IDT were worth $299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of IDT by 2.7% during the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after buying an additional 29,100 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of IDT by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock worth $22,494,000 after acquiring an additional 2,169 shares during the last quarter. State Street Corp boosted its holdings in IDT by 0.5% during the 3rd quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock valued at $14,911,000 after acquiring an additional 2,071 shares during the period. Charles Schwab Investment Management Inc. grew its position in IDT by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock valued at $6,024,000 after acquiring an additional 6,183 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in IDT by 121.7% in the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock worth $3,653,000 after purchasing an additional 52,532 shares during the period. 59.34% of the stock is owned by hedge funds and other institutional investors.

IDT Price Performance

Shares of IDT opened at $49.56 on Wednesday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 16.97 and a beta of 0.78. IDT Co. has a 1-year low of $32.08 and a 1-year high of $58.77. The company has a 50-day moving average of $49.28 and a 200 day moving average of $41.40.

IDT (NYSE:IDT) last posted its quarterly earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The firm had revenue of $308.83 million during the quarter.

Insider Activity at IDT

In related news, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00. Following the completion of the transaction, the chief financial officer now owns 37,573 shares in the company, valued at $1,824,920.61. The trade was a 1.57 % decrease in their position. 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 stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the sale, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at $1,889,600. The trade was a 42.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,582 shares of company stock worth $1,686,308 over the last three months. 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.