IDT (NYSE:IDT) Stock: Insider Marcelo Fischer Sells 4,812 Shares

IDT Corporation (NYSE:IDT – Get Free Report) CFO Marcelo Fischer sold 4,812 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $82.08, for a total value of $394,968.96. Following the transaction, the chief financial officer directly owned 37,345 shares of the company’s stock, valued at approximately $3,065,277.60. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, October 16th, Marcelo Fischer sold 4,521 shares of IDT stock. The stock was sold at an average price of $80.93, for a total transaction of $365,884.53.

IDT Trading Up 1.6%

Shares of NYSE IDT traded up $1.28 during midday trading on Monday, reaching $81.95. The company’s stock had a trading volume of 318,565 shares, compared to its average volume of 193,382. IDT Corporation has a fifty-two week low of $46.48 and a fifty-two week high of $83.18. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.62 and a beta of 0.60. The stock has a 50 day simple moving average of $71.67 and a 200-day simple moving average of $61.54.

IDT (NYSE:IDT – Get Free Report) last announced its quarterly earnings data on Monday, September 28th. The utilities provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). The business had revenue of $338.98 million during the quarter, compared to the consensus estimate of $319.00 million. IDT had a return on equity of 24.22% and a net margin of 6.67%. As a group, equities analysts anticipate that IDT Corporation will post 3.86 EPS for the current year.

IDT Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in shares of IDT during the second quarter worth $646,000. Integrated Wealth Concepts LLC acquired a new position in shares of IDT in the second quarter valued at about $25,000. Allworth Financial LP grew its stake 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 acquiring an additional 478 shares in the last quarter. Nykredit A S bought a new position in IDT during the second quarter worth about $32,000. Finally, Corient Private Wealth LP bought a new position in IDT during the second quarter worth about $252,000. Institutional investors own 59.34% of the company’s stock.

Wall Street Analysts Forecast Growth

IDT has been the subject of a number of analyst reports. Freedom Broker lifted their price objective on shares of IDT from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Weiss Ratings upgraded shares of IDT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Finally, Zacks Research upgraded shares of IDT to a “hold” rating in a research report on Monday, October 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Get Our Latest Analysis on IDT

IDT Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for IDT (NYSE:IDT)

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