Public Employees Retirement System of Ohio Takes $596,000 Position in IDT Corporation $IDT

Public Employees Retirement System of Ohio acquired a new stake in shares of IDT Corporation (NYSE:IDT) during the second quarter, HoldingsChannel reports. The firm acquired 10,254 shares of the utilities provider’s stock, valued at approximately $596,000.

Several other institutional investors have also bought and sold shares of IDT. Gabelli Funds LLC bought a new position in IDT in the 2nd quarter valued at about $239,000. Entropy Technologies LP bought a new stake in shares of IDT during the 1st quarter worth about $264,000. State of Tennessee Department of Treasury acquired a new stake in shares of IDT in the 4th quarter worth approximately $268,000. Ameriprise Financial Inc. acquired a new stake in shares of IDT in the 3rd quarter worth approximately $399,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of IDT by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,156 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of IDT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

IDT Price Performance

IDT stock opened at $69.36 on Friday. The firm has a market cap of $1.72 billion, a PE ratio of 21.21 and a beta of 0.62. IDT Corporation has a 12 month low of $45.72 and a 12 month high of $70.00. The firm has a 50 day simple moving average of $65.60 and a 200 day simple moving average of $56.81.

Insider Activity

In other news, CFO Marcelo Fischer sold 23,323 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $56.98, for a total transaction of $1,328,944.54. Following the completion of the sale, the chief financial officer owned 32,824 shares in the company, valued at approximately $1,870,311.52. This represents a 41.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 25.41% of the company’s stock.

About IDT

IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.

Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.