IDT (NYSE:IDT) Director Judah Schorr Sells 7,717 Shares of Stock

IDT Corporation (NYSE:IDT) Director Judah Schorr sold 7,717 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $81.57, for a total transaction of $629,475.69. Following the completion of the transaction, the director directly owned 108,672 shares of the company’s stock, valued at $8,864,375.04. The trade was a 6.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Judah Schorr also recently made the following trade(s):

• On Wednesday, October 14th, Judah Schorr sold 6,036 shares of IDT stock. The stock was sold at an average price of $81.76, for a total transaction of $493,503.36.

IDT Trading Down 1.7%

Shares of NYSE IDT traded down $1.43 during midday trading on Friday, reaching $80.81. 191,554 shares of the stock were exchanged, compared to its average volume of 414,039. The company has a market capitalization of $2.01 billion, a P/E ratio of 23.29 and a beta of 0.60. IDT Corporation has a 52-week low of $46.48 and a 52-week high of $83.19. The stock has a 50 day moving average price of $71.67 and a 200-day moving average price of $61.45.

IDT (NYSE:IDT) last released its earnings results on Monday, September 28th. The utilities provider reported $0.94 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 firm had revenue of $338.98 million during the quarter, compared to analysts’ expectations of $319.00 million. On average, analysts forecast that IDT Corporation will post 3.86 earnings per share for the current year.

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Monday, October 5th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, October 5th. IDT’s dividend payout ratio is presently 8.07%.

Institutional Trading of IDT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC acquired a new position in IDT during the second quarter valued at approximately $646,000. Integrated Wealth Concepts LLC acquired a new stake in shares of IDT in the second quarter worth $25,000. Allworth Financial LP increased its position in shares of IDT by 531.1% in the second quarter. Allworth Financial LP now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 478 shares in the last quarter. Nykredit A S purchased a new position in shares of IDT in the 2nd quarter valued at $32,000. Finally, Corient Private Wealth LP purchased a new position in shares of IDT in the 2nd quarter valued at $252,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

Key Stories Impacting IDT

Here are the key news stories impacting IDT this week:

• Positive Sentiment: Analyst sentiment remains favorable: Freedom Broker raised its price target to $85 and maintained a Buy rating, while Weiss Ratings upgraded IDT to Buy. The stock has a consensus rating of Moderate Buy and an $85 average price target. IDT insider trading and analyst coverage
• Positive Sentiment: Institutional ownership is substantial at approximately 59%, with several investment firms recently establishing positions. IDT also continues to pay a quarterly dividend of $0.07, although its approximately 0.3% yield is modest. IDT institutional ownership and dividend information
• Neutral Sentiment: Norman Wright, a prominent attorney and former IDT chairman, died. The report did not indicate any current management, strategic or financial impact on IDT. Report on Norman Wright
• Negative Sentiment: Director Judah Schorr sold 13,753 shares across October 14–15 for approximately $1.12 million, reducing his direct ownership by roughly 11.6% across the two transactions. SEC filing for Judah Schorr transactions
• Negative Sentiment: Chief Accounting Officer Mitch Silberman sold a combined 3,132 shares on October 13 and 15 for approximately $254,700. Multiple insider sales near recent highs can weigh on investor sentiment, particularly after IDT’s strong run above its 50- and 200-day moving averages. SEC filing for Mitch Silberman transactions

Analysts Set New Price Targets

IDT has been the subject of several recent analyst reports. Zacks Research upgraded IDT to a “hold” rating in a report on Monday, October 5th. Freedom Broker increased their price objective on shares of IDT from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings raised shares of IDT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from 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 telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.

Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.

IDT’s National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.