David Wartell Sells 17,116 Shares of IDT Co. (NYSE:IDT) Stock

IDT Co. (NYSE:IDT) CTO David Wartell sold 17,116 shares of IDT stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $47.11, for a total transaction of $806,334.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

IDT Stock Performance

NYSE IDT opened at $47.93 on Friday. The business has a fifty day moving average price of $49.35 and a 200 day moving average price of $41.88. The company has a market cap of $1.21 billion, a P/E ratio of 16.41 and a beta of 0.78. IDT Co. has a one year low of $32.08 and a one year high of $58.77.

IDT (NYSE:IDT) last issued its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. The business had revenue of $308.83 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.42%. The ex-dividend date is Monday, December 23rd. IDT’s dividend payout ratio is currently 6.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut IDT from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Institutional Investors Weigh In On IDT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in shares of IDT by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider’s stock worth $2,815,000 after acquiring an additional 5,454 shares during the last quarter. Principal Financial Group Inc. raised its stake in IDT by 9.3% during the second quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 625 shares during the period. Americana Partners LLC acquired a new position in IDT in the 2nd quarter valued at about $898,000. Ritholtz Wealth Management purchased a new stake in shares of IDT in the 2nd quarter valued at approximately $537,000. Finally, Rhumbline Advisers increased its holdings in shares of IDT by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 26,833 shares of the utilities provider’s stock worth $964,000 after buying an additional 891 shares during the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Company Profile

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.