IDT (NYSE:IDT) CFO Sells $394,968.96 in Stock

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 4,812 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $82.08, for a total value of $394,968.96. Following the completion of the transaction, the chief financial officer owned 37,345 shares in the company, valued at $3,065,277.60. The trade was a 11.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marcelo Fischer also recently made the following trade(s):

• On Friday, October 16th, Marcelo Fischer sold 4,521 shares of IDT stock. The stock was sold at an average price of $80.93, for a total value of $365,884.53.

IDT Trading Down 2.0%

NYSE:IDT 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 50-day moving average price of $72.75 and a 200 day moving average price of $62.26. The stock has a market capitalization of $2.06 billion, a P/E ratio of 23.86 and a beta of 0.60.

IDT (NYSE:IDT) last issued its 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 net margin of 6.67% and a return on equity of 24.22%. The business had revenue of $338.98 million for the quarter, compared to the consensus estimate of $319.00 million. On average, research analysts predict that IDT Corporation will post 3.86 earnings per share for the current fiscal year.

IDT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, October 5th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, October 5th. IDT’s dividend payout ratio (DPR) is 8.07%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On IDT

A number of hedge funds have recently made changes to their positions in IDT. Kahn Brothers Group Inc. bought a new position in IDT during the second quarter valued at approximately $18,292,990,000. Bank of New York Mellon Corp grew its holdings in 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 valued at $5,774,000 after buying an additional 1,088 shares in the last quarter. Vest Financial LLC increased its stake in IDT by 88.6% in the 3rd quarter. Vest Financial LLC now owns 64,203 shares of the utilities provider’s stock worth $5,134,000 after acquiring an additional 30,154 shares during the last quarter. Tidal Investments LLC bought a new stake in IDT in the 2nd quarter worth approximately $646,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of IDT during the 2nd quarter worth approximately $596,000. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

IDT Company Profile

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.