IDT Co. (NYSE:IDT) CTO David Wartell Sells 10,735 Shares

IDT Co. (NYSE:IDT) CTO David Wartell sold 10,735 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total value of $525,907.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David Wartell also recently made the following trade(s):

• On Monday, December 23rd, David Wartell sold 17,116 shares of IDT stock. The shares were sold at an average price of $47.11, for a total value of $806,334.76.

IDT Stock Up 0.9 %

IDT opened at $50.90 on Friday. IDT Co. has a twelve month low of $33.84 and a twelve month high of $58.77. The company has a market cap of $1.29 billion, a PE ratio of 17.43 and a beta of 0.84. The company has a 50-day moving average price of $48.19 and a 200 day moving average price of $46.58.

IDT (NYSE:IDT) last posted its earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The company had revenue of $303.35 million for the quarter.

IDT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 17th will be issued a $0.06 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from IDT’s previous quarterly dividend of $0.05. IDT’s payout ratio is 7.62%.

Institutional Investors Weigh In On IDT

A number of hedge funds have recently added to or reduced their stakes in IDT. Park Square Financial Group LLC purchased a new stake in shares of IDT in the 4th quarter valued at approximately $44,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in IDT by 35.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 632 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of IDT in the 4th quarter worth $129,000. New Age Alpha Advisors LLC acquired a new stake in shares of IDT in the 4th quarter worth $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of IDT in the 4th quarter worth $180,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.