IDT (NYSE:IDT) CFO Marcelo Fischer Sells 920 Shares

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 920 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $52.04, for a total transaction of $47,876.80. Following the transaction, the chief financial officer owned 55,943 shares in the company, valued at approximately $2,911,273.72. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Marcelo Fischer also recently made the following trade(s):

• On Wednesday, January 14th, Marcelo Fischer sold 7,009 shares of IDT stock. The stock was sold at an average price of $52.03, for a total transaction of $364,678.27.
• On Thursday, January 8th, Marcelo Fischer sold 641 shares of IDT stock. The stock was sold at an average price of $52.29, for a total transaction of $33,517.89.

IDT Trading Down 2.4%

Shares of IDT stock opened at $50.08 on Friday. The firm’s 50 day simple moving average is $50.85 and its two-hundred day simple moving average is $55.88. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 15.55 and a beta of 0.78. IDT Corporation has a 12-month low of $45.07 and a 12-month high of $71.12.

IDT (NYSE:IDT) last posted its quarterly earnings data on Thursday, December 4th. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The business had revenue of $322.75 million during the quarter, compared to the consensus estimate of $308.00 million. IDT had a net margin of 6.53% and a return on equity of 27.12%.

IDT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a $0.06 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. IDT’s dividend payout ratio is currently 7.45%.

Hedge Funds Weigh In On IDT

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in IDT by 4.4% during the second quarter. Geode Capital Management LLC now owns 460,089 shares of the utilities provider’s stock worth $31,438,000 after buying an additional 19,275 shares in the last quarter. Millennium Management LLC raised its position in shares of IDT by 392.6% in the first quarter. Millennium Management LLC now owns 163,830 shares of the utilities provider’s stock worth $8,406,000 after acquiring an additional 130,569 shares during the period. Bank of New York Mellon Corp raised its position in shares of IDT by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 113,762 shares of the utilities provider’s stock worth $7,772,000 after acquiring an additional 2,510 shares during the period. Marshall Wace LLP boosted its stake in shares of IDT by 1,436.4% during the 2nd quarter. Marshall Wace LLP now owns 94,674 shares of the utilities provider’s stock worth $6,468,000 after acquiring an additional 88,512 shares in the last quarter. Finally, CSM Advisors LLC acquired a new stake in shares of IDT during the 2nd quarter valued at about $5,608,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting IDT

Here are the key news stories impacting IDT this week:

• Neutral Sentiment: One linked press item references Integrated DNA Technologies (a different “IDT”) expanding its product portfolio; this appears unrelated to NYSE:IDT but could cause occasional headline confusion. Integrated DNA Technologies Expands Synthetic Biology Portfolio
• Negative Sentiment: CEO Tebogo Malaka resigned amid allegations tied to a bribery sting and pending disciplinary action; coverage cites fallout from a R836 million oxygen-plant project and notes public officials welcoming the resignation. A CEO departure under investigation raises short-term operational and reputational risk and increases governance uncertainty for investors. Suspended IDT CEO Tebogo Malaka resigns following bribery scandal
• Negative Sentiment: Chief Financial Officer Marcelo Fischer executed two recent stock sales (7,009 shares on Jan 14 at ~$52.03 and 920 shares on Jan 15 at ~$52.04). Combined, these filings show a meaningful reduction in his direct holding (reported up to ~10.97% decrease then a further ~1.62% decrease), which markets often interpret as a negative signal on near-term insider conviction despite his remaining sizable stake. The SEC filing with the transaction details is available here: SEC ownership filing

Analyst Ratings Changes

Several analysts have commented on IDT shares. Weiss Ratings restated a “hold (c+)” rating on shares of IDT in a research note on Monday, December 29th. Wall Street Zen raised shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

IDT Company Profile

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.