Marcelo Fischer Sells 641 Shares of IDT (NYSE:IDT) Stock

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 641 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $52.29, for a total value of $33,517.89. Following the completion of the sale, the chief financial officer directly owned 63,872 shares in the company, valued at approximately $3,339,866.88. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

IDT Price Performance

IDT stock traded up $0.41 during mid-day trading on Monday, hitting $51.35. 115,827 shares of the company were exchanged, compared to its average volume of 139,046. IDT Corporation has a 12-month low of $45.07 and a 12-month high of $71.12. The company has a market capitalization of $1.29 billion, a P/E ratio of 15.95 and a beta of 0.78. The business’s 50 day simple moving average is $50.82 and its two-hundred day simple moving average is $56.30.

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

IDT Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a research note on Monday, December 29th. Wall Street Zen upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On IDT

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of IDT in the 4th quarter valued at $748,000. Public Employees Retirement System of Ohio purchased a new stake in IDT during the 3rd quarter worth $96,000. Ameriprise Financial Inc. acquired a new stake in IDT in the 3rd quarter valued at $399,000. California State Teachers Retirement System raised its position in IDT by 27.0% in the third quarter. California State Teachers Retirement System now owns 19,481 shares of the utilities provider’s stock valued at $1,019,000 after purchasing an additional 4,136 shares during the period. Finally, Strs Ohio raised its position in IDT by 5.9% in the third quarter. Strs Ohio now owns 10,700 shares of the utilities provider’s stock valued at $560,000 after purchasing an additional 600 shares during the period. 59.34% of the stock is owned by institutional investors and hedge funds.

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.