IDT (NYSE:IDT) CAO Sells 805 Shares of Company Stock

IDT Corporation (NYSE:IDT) CAO Mitch Silberman sold 805 shares of the company’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $82.14, for a total transaction of $66,122.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mitch Silberman also recently made the following trade(s):

• On Thursday, October 15th, Mitch Silberman sold 2,327 shares of IDT stock. The stock was sold at an average price of $81.03, for a total transaction of $188,556.81.

IDT Trading Up 1.6%

Shares of IDT stock traded up $1.31 on Thursday, hitting $82.39. 232,596 shares of the stock were exchanged, compared to its average volume of 192,761. The firm’s 50 day moving average is $71.03 and its two-hundred day moving average is $61.07. IDT Corporation has a one year low of $46.48 and a one year high of $82.91. The firm has a market capitalization of $2.05 billion, a PE ratio of 23.75 and a beta of 0.60.

IDT (NYSE:IDT) last posted its earnings results on Monday, September 28th. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). IDT had a return on equity of 24.22% and a net margin of 6.67%. The firm had revenue of $338.98 million for the quarter, compared to the consensus estimate of $319.00 million. On average, sell-side analysts expect that IDT Corporation will post 3.86 earnings per share for the current year.

IDT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, October 5th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. IDT’s dividend payout ratio is 8.07%.

Analyst Ratings Changes

Several research analysts have issued reports on IDT shares. Weiss Ratings raised shares of IDT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. Freedom Broker increased their target price on IDT from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Finally, Zacks Research raised IDT to a “hold” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, IDT currently has an average rating of “Moderate Buy” and an average target price of $85.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDT. Tidal Investments LLC purchased a new stake in IDT in the second quarter worth approximately $646,000. Integrated Wealth Concepts LLC purchased a new stake in IDT during the 2nd quarter valued at $25,000. Allworth Financial LP raised its stake in IDT by 531.1% during the 2nd quarter. Allworth Financial LP now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 478 shares during the last quarter. Nykredit A S purchased a new stake in IDT during the 2nd quarter valued at $32,000. Finally, Corient Private Wealth LP bought a new position in shares of IDT during the 2nd quarter valued at $252,000. Institutional investors own 59.34% of the company’s stock.

IDT Company Profile

IDT Corporation (NYSE: IDT) is a telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.

Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.

IDT’s National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.