IDT Corporation (NYSE:IDT – Get Free Report) Director Judah Schorr sold 7,717 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $81.57, for a total transaction of $629,475.69. Following the transaction, the director directly owned 108,672 shares of the company’s stock, valued at $8,864,375.04. This represents a 6.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Judah Schorr also recently made the following trade(s):
- On Wednesday, October 14th, Judah Schorr sold 6,036 shares of IDT stock. The shares were sold at an average price of $81.76, for a total transaction of $493,503.36.
IDT Trading Down 1.7%
IDT stock traded down $1.43 during trading on Friday, reaching $80.81. 191,554 shares of the stock were exchanged, compared to its average volume of 192,754. IDT Corporation has a twelve month low of $46.48 and a twelve month high of $83.19. The company has a market capitalization of $2.01 billion, a P/E ratio of 23.29 and a beta of 0.60. The stock has a 50 day simple moving average of $71.35 and a 200-day simple moving average of $61.31.
IDT (NYSE:IDT – Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.04). The firm had revenue of $338.98 million for the quarter, compared to the consensus estimate of $319.00 million. IDT had a net margin of 6.67% and a return on equity of 24.22%. Equities analysts predict that IDT Corporation will post 3.86 EPS for the current year.
IDT Dividend Announcement
The company also recently announced 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 was Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. IDT’s payout ratio is 8.07%.
Analysts Set New Price Targets
IDT has been the topic of a number of research analyst reports. Zacks Research upgraded IDT to a “hold” rating in a research report on Monday, October 5th. Freedom Broker raised their price target on 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 IDT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, IDT presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
Check Out Our Latest Stock Report on IDT
Hedge Funds Weigh In On IDT
A number of institutional investors have recently modified their holdings of the stock. Kahn Brothers Group Inc. acquired a new position in shares of IDT during the second quarter valued at $18,292,990,000. Bank of New York Mellon Corp boosted its holdings in IDT by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 117,607 shares of the utilities provider’s stock valued at $5,774,000 after acquiring an additional 1,088 shares during the last quarter. Tidal Investments LLC acquired a new stake in IDT in the second quarter worth about $646,000. Public Employees Retirement System of Ohio acquired a new stake in IDT in the second quarter worth about $596,000. Finally, Entropy Technologies LP acquired a new stake in IDT in the first quarter worth about $264,000. 59.34% of the stock is owned by institutional investors.
About IDT
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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