IDT (NYSE:IDT) CFO Marcelo Fischer Sells 5,000 Shares of Stock

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 5,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the completion of the transaction, the chief financial officer directly owned 56,147 shares in the company, valued at approximately $2,835,423.50. This trade represents a 8.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

IDT Trading Up 1.0%

NYSE IDT opened at $51.25 on Friday. IDT Corporation has a 12 month low of $45.72 and a 12 month high of $71.12. The stock has a 50-day simple moving average of $49.36 and a 200 day simple moving average of $49.93. The company has a market capitalization of $1.29 billion, a PE ratio of 15.72 and a beta of 0.70.

IDT (NYSE:IDT) last announced its quarterly earnings results on Tuesday, March 10th. The utilities provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. IDT had a return on equity of 25.97% and a net margin of 6.49%.The company had revenue of $320.52 million during the quarter, compared to analysts’ expectations of $302.00 million.

IDT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 19th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. This is a boost from IDT’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 19th. IDT’s dividend payout ratio is currently 8.59%.

Analyst Ratings Changes

IDT has been the topic of several research reports. Wall Street Zen cut shares of IDT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On IDT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in IDT in the third quarter valued at $96,000. Gabelli Funds LLC acquired a new position in shares of IDT during the 2nd quarter worth approximately $239,000. State of Tennessee Department of Treasury acquired a new stake in IDT during the 4th quarter valued at $268,000. Ameriprise Financial Inc. acquired a new position in shares of IDT in the third quarter valued at $399,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of IDT by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,156 shares of the utilities provider’s stock worth $470,000 after buying an additional 381 shares during the period. 59.34% of the stock is owned by institutional investors.

About IDT

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.