IDT (NYSE:IDT) CFO Sells $364,678.27 in Stock

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 7,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $52.03, for a total value of $364,678.27. Following the transaction, the chief financial officer owned 56,863 shares in the company, valued at $2,958,581.89. This trade represents a 10.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 15th, Marcelo Fischer sold 920 shares of IDT stock. The shares were sold at an average price of $52.04, for a total value of $47,876.80.
• On Thursday, January 8th, Marcelo Fischer sold 641 shares of IDT stock. The stock was sold at an average price of $52.29, for a total value of $33,517.89.

IDT Trading Down 2.4%

IDT stock traded down $1.24 on Friday, hitting $50.08. 139,524 shares of the stock traded hands, compared to its average volume of 145,423. The business’s fifty day simple moving average is $50.86 and its 200 day simple moving average is $56.01. The firm has a market cap of $1.26 billion, a P/E ratio of 15.55 and a beta of 0.78. IDT Corporation has a 1 year low of $45.07 and a 1 year high of $71.12.

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

IDT Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a report on Monday, December 29th. Wall Street Zen raised shares of IDT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IDT currently has an average rating of “Hold”.

Trending Headlines about IDT

Here are the key news stories impacting IDT this week:

• Neutral Sentiment: One linked press item references Integrated DNA Technologies (a different “IDT”) expanding its product portfolio; this appears unrelated to NYSE:IDT but could cause occasional headline confusion. Integrated DNA Technologies Expands Synthetic Biology Portfolio
• Negative Sentiment: CEO Tebogo Malaka resigned amid allegations tied to a bribery sting and pending disciplinary action; coverage cites fallout from a R836 million oxygen-plant project and notes public officials welcoming the resignation. A CEO departure under investigation raises short-term operational and reputational risk and increases governance uncertainty for investors. Suspended IDT CEO Tebogo Malaka resigns following bribery scandal
• Negative Sentiment: Chief Financial Officer Marcelo Fischer executed two recent stock sales (7,009 shares on Jan 14 at ~$52.03 and 920 shares on Jan 15 at ~$52.04). Combined, these filings show a meaningful reduction in his direct holding (reported up to ~10.97% decrease then a further ~1.62% decrease), which markets often interpret as a negative signal on near-term insider conviction despite his remaining sizable stake. The SEC filing with the transaction details is available here: SEC ownership filing

Hedge Funds Weigh In On IDT

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in IDT by 40.2% during the 1st quarter. AQR Capital Management LLC now owns 58,197 shares of the utilities provider’s stock valued at $2,986,000 after acquiring an additional 16,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in IDT by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,156 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 381 shares during the period. Millennium Management LLC boosted its holdings in IDT by 392.6% in the first quarter. Millennium Management LLC now owns 163,830 shares of the utilities provider’s stock worth $8,406,000 after purchasing an additional 130,569 shares during the last quarter. Strs Ohio bought a new stake in IDT in the 1st quarter worth approximately $441,000. Finally, Rhumbline Advisers raised its stake in IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock valued at $1,346,000 after buying an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

IDT Company Profile

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.