IDT (NYSE:IDT) EVP Sells $48,732.00 in Stock

IDT Corporation (NYSE:IDT) EVP Nadine Shea sold 600 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $81.22, for a total value of $48,732.00. Following the completion of the sale, the executive vice president directly owned 7,725 shares in the company, valued at approximately $627,424.50. The trade was a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

IDT Trading Down 2.0%

Shares of IDT opened at $82.81 on Thursday. The company has a market cap of $2.06 billion, a PE ratio of 23.86 and a beta of 0.60. The stock has a 50-day moving average price of $72.75 and a 200-day moving average price of $62.26. IDT Corporation has a 12-month low of $46.48 and a 12-month high of $84.56.

IDT (NYSE:IDT) last issued its quarterly earnings data on Monday, September 28th. The utilities provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.04). The business had revenue of $338.98 million for the quarter, compared to analysts’ expectations of $319.00 million. IDT had a return on equity of 24.22% and a net margin of 6.67%. As a group, analysts predict that IDT Corporation will post 3.86 earnings per share for the current year.

IDT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, October 5th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, October 5th. IDT’s payout ratio is currently 8.07%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kahn Brothers Group Inc. purchased a new stake in IDT during the 2nd quarter valued at about $18,292,990,000. Bank of New York Mellon Corp increased its stake in IDT by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 117,607 shares of the utilities provider’s stock worth $5,774,000 after purchasing an additional 1,088 shares during the period. Vest Financial LLC increased its stake in IDT by 88.6% in the 3rd quarter. Vest Financial LLC now owns 64,203 shares of the utilities provider’s stock worth $5,134,000 after purchasing an additional 30,154 shares during the period. Tidal Investments LLC bought a new stake in IDT in the second quarter valued at approximately $646,000. Finally, Public Employees Retirement System of Ohio bought a new stake in IDT in the second quarter valued at approximately $596,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of IDT to a “hold” rating in a report on Monday, October 5th. Freedom Broker increased their target price on IDT from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings raised IDT from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

IDT Company Profile

IDT Corporation (NYSE: IDT) is a communications and financial technology company that provides telecommunications, payment and business services to consumers, small businesses and enterprise customers. Its offerings include international calling, mobile top-up services, money transfers and other digital payment solutions.

Through its BOSS Revolution brand, IDT serves consumers in the United States and other markets with international calling, mobile recharge and money-transfer products.