IDT Co. (NYSE:IDT) EVP Joyce J. Mason Sells 2,094 Shares

IDT Co. (NYSE:IDT) EVP Joyce J. Mason sold 2,094 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $46.18, for a total transaction of $96,700.92. Following the completion of the transaction, the executive vice president now directly owns 21,878 shares in the company, valued at $1,010,326.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IDT Price Performance

NYSE IDT traded down $1.45 during trading on Monday, reaching $46.00. 118,147 shares of the company’s stock traded hands, compared to its average volume of 82,943. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 33.89 and a beta of 0.78. The company’s 50 day simple moving average is $39.28 and its two-hundred day simple moving average is $37.98. IDT Co. has a 12-month low of $27.09 and a 12-month high of $49.60.

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio (DPR) is 14.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in IDT by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after purchasing an additional 29,100 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of IDT in the 1st quarter valued at about $23,276,000. Russell Investments Group Ltd. boosted its holdings in shares of IDT by 40.3% in the 1st quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock valued at $5,036,000 after buying an additional 38,290 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 valued at $2,815,000 after buying an additional 5,454 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of IDT by 19.9% in the 2nd quarter. Bank of Montreal Can now owns 54,307 shares of the utilities provider’s stock valued at $2,144,000 after buying an additional 9,012 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 19th.

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.