Insider Selling: IDT (NYSE:IDT) CFO Sells 920 Shares of Stock

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 920 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $52.04, for a total value of $47,876.80. Following the sale, the chief financial officer directly owned 55,943 shares of the company’s stock, valued at approximately $2,911,273.72. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, January 14th, Marcelo Fischer sold 7,009 shares of IDT stock. The stock was sold at an average price of $52.03, for a total value of $364,678.27.
• On Thursday, January 8th, Marcelo Fischer sold 641 shares of IDT stock. The shares were sold at an average price of $52.29, for a total value of $33,517.89.

IDT Price Performance

IDT traded down $1.24 during trading on Friday, reaching $50.08. 143,554 shares of the stock were exchanged, compared to its average volume of 145,805. The company has a market capitalization of $1.26 billion, a price-to-earnings 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. The business’s 50 day moving average price is $50.86 and its two-hundred day moving average price is $56.01.

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

IDT Dividend Announcement

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

Key Headlines Impacting 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

Analyst Ratings Changes

A number of brokerages have issued reports on IDT. Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a report on Monday, December 29th. Wall Street Zen upgraded 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 has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CSM Advisors LLC acquired a new position in IDT during the second quarter valued at approximately $5,608,000. Bank of New York Mellon Corp grew its position in IDT by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 113,762 shares of the utilities provider’s stock worth $7,772,000 after acquiring an additional 2,510 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of IDT by 4.4% in the second quarter. Geode Capital Management LLC now owns 460,089 shares of the utilities provider’s stock valued at $31,438,000 after buying an additional 19,275 shares during the period. Quantbot Technologies LP raised its stake in shares of IDT by 206.3% during the second quarter. Quantbot Technologies LP now owns 23,760 shares of the utilities provider’s stock valued at $1,623,000 after acquiring an additional 16,003 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in IDT during the 2nd quarter worth $1,751,000. Institutional investors and hedge funds 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.