IDT (NYSE:IDT) Director Judah Schorr Sells 6,036 Shares of Company Stock

IDT Corporation (NYSE:IDT) Director Judah Schorr sold 6,036 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $81.76, for a total transaction of $493,503.36. Following the completion of the transaction, the director directly owned 116,389 shares in the company, valued at approximately $9,515,964.64. This represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, October 15th, Judah Schorr sold 7,717 shares of IDT stock. The stock was sold at an average price of $81.57, for a total transaction of $629,475.69.

IDT Price Performance

NYSE IDT traded down $1.43 during trading hours on Friday, hitting $80.81. 191,554 shares of the company’s stock traded hands, compared to its average volume of 414,039. IDT Corporation has a 52-week low of $46.48 and a 52-week high of $83.19. The company has a market capitalization of $2.01 billion, a PE ratio of 23.29 and a beta of 0.60. The firm’s 50-day moving average is $71.67 and its 200-day moving average is $61.45.

IDT (NYSE:IDT) last released its quarterly earnings data on Monday, September 28th. The utilities provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). IDT had a net margin of 6.67% and a return on equity of 24.22%. The business had revenue of $338.98 million during the quarter, compared to analyst estimates of $319.00 million. Equities research analysts predict that IDT Corporation will post 3.86 earnings per share for the current fiscal year.

IDT Announces Dividend

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

Hedge Funds Weigh In On IDT

Institutional investors and hedge funds have recently bought and sold shares of the company. Kahn Brothers Group Inc. purchased a new stake in shares of IDT in the 2nd quarter valued at approximately $18,292,990,000. Bank of New York Mellon Corp increased its holdings in shares of IDT by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 117,607 shares of the utilities provider’s stock worth $5,774,000 after buying an additional 1,088 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of IDT during the 2nd quarter valued at approximately $646,000. Public Employees Retirement System of Ohio purchased a new stake in shares of IDT during the 2nd quarter valued at approximately $596,000. Finally, Entropy Technologies LP purchased a new stake in shares of IDT during the 1st quarter valued at approximately $264,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on IDT shares. Freedom Broker upped their target price on IDT from $75.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Weiss Ratings raised IDT from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, October 6th. Finally, Zacks Research upgraded IDT to a “hold” rating in a report on Monday, October 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.00.

More IDT News

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

About IDT

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.