IDT Corporation (NYSE:IDT – Get Free Report) CAO Mitch Silberman sold 805 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $82.14, for a total value of $66,122.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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 value of $188,556.81.
IDT Trading Up 1.6%
NYSE IDT opened at $82.39 on Friday. The stock has a 50-day simple moving average of $71.35 and a 200 day simple moving average of $61.31. The company has a market capitalization of $2.05 billion, a PE ratio of 23.75 and a beta of 0.60. IDT Corporation has a 12 month low of $46.48 and a 12 month high of $82.91.
IDT (NYSE:IDT – Get Free Report) last released its earnings results on Monday, September 28th. The utilities provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.04). IDT had a net margin of 6.67% and a return on equity of 24.22%. The company had revenue of $338.98 million during the quarter, compared to analyst estimates of $319.00 million. As a group, sell-side analysts predict that IDT Corporation will post 3.86 earnings per share for the current fiscal year.
IDT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, October 5th were paid a $0.07 dividend. The ex-dividend date of this dividend 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%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDT. Integrated Wealth Concepts LLC bought a new stake in shares of IDT in the second quarter worth about $25,000. Nykredit A S acquired a new stake in shares of IDT during the second quarter worth about $32,000. Allworth Financial LP boosted its holdings in shares of IDT by 531.1% in the second 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 period. Corient Private Wealth LP bought a new stake in shares of IDT during the second quarter worth $252,000. Finally, Entropy Technologies LP bought a new stake in shares of IDT during the first quarter worth $264,000. 59.34% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of IDT to a “hold” rating in a research report on Monday, October 5th. Freedom Broker boosted their price objective on shares of IDT from $75.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of IDT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
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.
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