IDT Corporation (NYSE:IDT – Get Free Report) EVP Menachem Ash sold 5,000 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $82.00, for a total value of $410,000.00. Following the completion of the transaction, the executive vice president owned 19,193 shares of the company’s stock, valued at approximately $1,573,826. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
IDT Trading Down 2.0%
Shares of IDT stock opened at $82.81 on Thursday. IDT Corporation has a 12 month low of $46.48 and a 12 month high of $84.56. The stock has a market cap of $2.06 billion, a PE ratio of 23.86 and a beta of 0.60. The company’s fifty day moving average price is $72.75 and its 200-day moving average price is $62.26.
IDT (NYSE:IDT – Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.04). IDT had a return on equity of 24.22% and a net margin of 6.67%. The business had revenue of $338.98 million during the quarter, compared to the consensus estimate of $319.00 million. On average, sell-side analysts forecast that IDT Corporation will post 3.86 earnings per share for the current fiscal year.
IDT Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, October 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, October 5th. IDT’s dividend payout ratio is 8.07%.
Institutional Trading of IDT
Institutional investors and hedge funds have recently bought and sold shares of the company. Kahn Brothers Group Inc. bought a new position in shares of IDT in the second quarter worth approximately $20,453,000. Public Employees Retirement System of Ohio purchased a new stake in shares of IDT during the second quarter valued at approximately $596,000. Tidal Investments LLC bought a new stake in shares of IDT during the second quarter valued at approximately $646,000. Vest Financial LLC increased its position in shares of IDT by 88.6% during the third quarter. Vest Financial LLC now owns 64,203 shares of the utilities provider’s stock valued at $5,134,000 after acquiring an additional 30,154 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of IDT by 85.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,066 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 1,415 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of IDT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. Freedom Broker upped their price target on IDT from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, Zacks Research raised IDT to a “hold” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, IDT has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
About IDT
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.
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