IDT Co. (NYSE:IDT) EVP Sells $18,105.00 in Stock

IDT Co. (NYSE:IDT) EVP Nadine Shea sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $36.21, for a total transaction of $18,105.00. Following the completion of the sale, the executive vice president now owns 5,775 shares in the company, valued at approximately $209,112.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

IDT Price Performance

Shares of IDT stock opened at $35.68 on Friday. The company’s fifty day simple moving average is $37.80 and its 200-day simple moving average is $36.47. The stock has a market capitalization of $904.13 million, a PE ratio of 25.49 and a beta of 0.82. IDT Co. has a 1-year low of $21.64 and a 1-year high of $41.58.

IDT (NYSE:IDT) last issued its quarterly earnings results on Wednesday, June 5th. The utilities provider reported $0.33 earnings per share for the quarter. The business had revenue of $299.64 million for the quarter. IDT had a net margin of 2.97% and a return on equity of 18.56%.

IDT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, June 10th. IDT’s dividend payout ratio is presently 14.29%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of IDT during the 1st quarter valued at $23,276,000. Campbell & CO Investment Adviser LLC raised its position in shares of IDT by 28.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 53,367 shares of the utilities provider’s stock valued at $1,819,000 after purchasing an additional 11,875 shares during the period. Russell Investments Group Ltd. raised its position in shares of IDT by 163.3% during the 4th quarter. Russell Investments Group Ltd. now owns 94,905 shares of the utilities provider’s stock valued at $3,235,000 after purchasing an additional 58,859 shares during the period. Hsbc Holdings PLC raised its position in shares of IDT by 121.3% during the 3rd quarter. Hsbc Holdings PLC now owns 19,012 shares of the utilities provider’s stock valued at $421,000 after purchasing an additional 10,422 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of IDT by 22.6% during the 4th quarter. Victory Capital Management Inc. now owns 40,070 shares of the utilities provider’s stock valued at $1,366,000 after purchasing an additional 7,380 shares during the period. Hedge funds and other institutional investors own 59.34% of the company’s stock.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.