Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires Shares of 5,088 IDT Co. (NYSE:IDT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of IDT Co. (NYSE:IDT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,088 shares of the utilities provider’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in IDT by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock valued at $22,494,000 after buying an additional 2,169 shares during the last quarter. Geode Capital Management LLC raised its position in IDT by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock valued at $16,077,000 after purchasing an additional 25,541 shares during the last quarter. State Street Corp boosted its stake 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 purchasing an additional 2,071 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 6,183 shares during the period. Finally, Cerity Partners LLC grew its position in IDT by 121.7% during the 3rd 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 last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

IDT Trading Up 0.7 %

Shares of IDT stock opened at $47.45 on Friday. IDT Co. has a twelve month low of $33.84 and a twelve month high of $58.77. The business’s 50 day moving average is $48.83 and its two-hundred day moving average is $43.72. The company has a market capitalization of $1.20 billion, a P/E ratio of 16.25 and a beta of 0.81.

IDT (NYSE:IDT) last announced its quarterly earnings data on Wednesday, December 4th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Cuts Dividend

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

Insider Buying and Selling at IDT

In other IDT news, EVP Nadine Shea sold 1,000 shares of the business’s 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 sale, the executive vice president now directly owns 4,775 shares in the company, valued at approximately $256,608.50. The trade was a 17.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Wartell sold 17,116 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $47.11, for a total transaction of $806,334.76. The disclosure for this sale can be found here. 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.