Marcelo Fischer Sells 23,323 Shares of IDT (NYSE:IDT) Stock

IDT Corporation (NYSE:IDT) CFO Marcelo Fischer sold 23,323 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $56.98, for a total value of $1,328,944.54. Following the completion of the transaction, the chief financial officer directly owned 32,824 shares of the company’s stock, valued at $1,870,311.52. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Marcelo Fischer also recently made the following trade(s):

• On Tuesday, April 14th, Marcelo Fischer sold 5,000 shares of IDT stock. The shares were sold at an average price of $50.50, for a total value of $252,500.00.

IDT Stock Up 0.6%

Shares of NYSE:IDT traded up $0.33 during midday trading on Tuesday, reaching $58.28. 139,898 shares of the company traded hands, compared to its average volume of 162,311. The firm’s fifty day moving average price is $53.59 and its two-hundred day moving average price is $51.19. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.82 and a beta of 0.68. IDT Corporation has a 12 month low of $45.72 and a 12 month high of $71.12.

IDT (NYSE:IDT) last issued its earnings results on Wednesday, June 3rd. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. The business had revenue of $315.71 million during the quarter, compared to the consensus estimate of $308.00 million. IDT had a return on equity of 24.36% and a net margin of 6.41%.

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Tuesday, June 9th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, June 9th. IDT’s dividend payout ratio (DPR) is 8.56%.

Wall Street Analysts Forecast Growth

IDT has been the topic of a number of analyst reports. Weiss Ratings raised shares of IDT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen lowered shares of IDT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On IDT

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in IDT in the 4th quarter worth approximately $748,000. Cooke & Bieler LP bought a new stake in shares of IDT during the 4th quarter worth $20,030,000. AQR Capital Management LLC lifted its holdings in shares of IDT by 40.2% during the 1st quarter. AQR Capital Management LLC now owns 58,197 shares of the utilities provider’s stock worth $2,986,000 after acquiring an additional 16,678 shares during the last quarter. California State Teachers Retirement System grew its position in IDT by 27.0% in the third quarter. California State Teachers Retirement System now owns 19,481 shares of the utilities provider’s stock worth $1,019,000 after acquiring an additional 4,136 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in IDT by 9.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 16,274 shares of the utilities provider’s stock valued at $833,000 after acquiring an additional 1,364 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors.

IDT Company Profile

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.