IDT (NYSE:IDT) EVP Nadine Shea Sells 500 Shares

IDT Corporation (NYSE:IDT) EVP Nadine Shea sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $55.32, for a total transaction of $27,660.00. Following the sale, the executive vice president directly owned 8,725 shares of the company’s stock, valued at approximately $482,667. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

IDT Stock Performance

Shares of NYSE:IDT opened at $55.69 on Thursday. IDT Corporation has a 52 week low of $45.72 and a 52 week high of $71.12. The company has a market capitalization of $1.40 billion, a PE ratio of 17.03 and a beta of 0.68. The company has a 50 day moving average price of $52.23 and a two-hundred day moving average price of $50.70.

IDT (NYSE:IDT) last posted its earnings results on Wednesday, June 3rd. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. IDT had a return on equity of 25.07% and a net margin of 6.41%.The firm had revenue of $315.71 million during the quarter, compared to analysts’ expectations of $308.00 million.

IDT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Tuesday, June 9th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 9th. IDT’s dividend payout ratio is 8.56%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Entropy Technologies LP acquired a new stake in shares of IDT in the 1st quarter valued at approximately $264,000. Bank of New York Mellon Corp boosted its stake in shares of IDT by 0.9% in 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 purchasing an additional 1,088 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of IDT in the 4th quarter valued at approximately $268,000. Tudor Investment Corp ET AL boosted its stake in shares of IDT by 9.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 16,274 shares of the utilities provider’s stock valued at $833,000 after purchasing an additional 1,364 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of IDT by 447.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 10,080 shares of the utilities provider’s stock valued at $516,000 after purchasing an additional 8,240 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IDT shares. Wall Street Zen cut shares of IDT from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of IDT in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, IDT has a consensus rating of “Hold”.

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.