Y Intercept Hong Kong Ltd Reduces Position in IDT Co. (NYSE:IDT)

Y Intercept Hong Kong Ltd decreased its position in IDT Co. (NYSE:IDT) by 47.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd raised its stake in shares of IDT by 68.9% in the third quarter. XTX Topco Ltd now owns 9,564 shares of the utilities provider’s stock worth $365,000 after purchasing an additional 3,903 shares during the last quarter. State Street Corp raised its position in 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 buying an additional 2,071 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in IDT by 272.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 13,396 shares of the utilities provider’s stock valued at $511,000 after acquiring an additional 9,796 shares during the period. Verition Fund Management LLC purchased a new stake in shares of IDT in the 3rd quarter valued at $273,000. Finally, Martingale Asset Management L P increased its stake in shares of IDT by 6.6% in the third quarter. Martingale Asset Management L P now owns 20,396 shares of the utilities provider’s stock worth $779,000 after acquiring an additional 1,264 shares during the period. Institutional investors and hedge funds own 59.34% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $48.57, for a total value 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 $1,824,920.61. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bill Pereira sold 29,175 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at approximately $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,582 shares of company stock worth $1,686,308. Company insiders own 25.32% of the company’s stock.

IDT Stock Performance

NYSE:IDT opened at $49.56 on Wednesday. The firm’s fifty day moving average is $49.28 and its two-hundred day moving average is $41.40. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 16.97 and a beta of 0.78. IDT Co. has a one year low of $32.08 and a one year high of $58.77.

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

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.