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 dated Friday, June 26th. The shares were sold at an average price of $56.98, for a total value of $1,328,944.54. Following the transaction, the chief financial officer owned 32,824 shares in the company, valued at approximately $1,870,311.52. This trade represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

IDT Stock Performance

Shares of NYSE IDT opened at $57.87 on Thursday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 17.70 and a beta of 0.64. The business’s 50-day simple moving average is $53.82 and its 200-day simple moving average is $51.30. IDT Corporation has a 52 week low of $45.72 and a 52 week high of $71.12.

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

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 paid 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 payout ratio is presently 8.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IDT shares. Weiss Ratings upgraded shares of IDT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 25th. Wall Street Zen downgraded IDT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, IDT currently has an average rating of “Hold”.

Institutional Trading of IDT

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of IDT in the 4th quarter worth approximately $748,000. Cooke & Bieler LP acquired a new stake in IDT during the 4th quarter valued at $20,030,000. AQR Capital Management LLC increased its holdings in IDT by 40.2% during the 1st quarter. AQR Capital Management LLC now owns 58,197 shares of the utilities provider’s stock valued at $2,986,000 after purchasing an additional 16,678 shares in the last quarter. California State Teachers Retirement System raised its position in IDT by 27.0% in the 3rd quarter. California State Teachers Retirement System now owns 19,481 shares of the utilities provider’s stock valued at $1,019,000 after purchasing an additional 4,136 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted 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 worth $833,000 after purchasing an additional 1,364 shares in the last quarter. 59.34% of the stock is 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.