IDT Co. (NYSE:IDT) EVP Nadine Shea Sells 500 Shares

IDT Co. (NYSE:IDT) EVP Nadine Shea sold 500 shares of IDT stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $36.21, for a total value of $18,105.00. Following the completion of the sale, the executive vice president now owns 5,775 shares of the company’s stock, valued at $209,112.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

IDT Stock Performance

Shares of IDT stock opened at $35.75 on Friday. The company has a market cap of $905.91 million, a P/E ratio of 25.54 and a beta of 0.82. The stock has a 50 day simple moving average of $37.81 and a two-hundred day simple moving average of $36.45. IDT Co. has a fifty-two week low of $21.64 and a fifty-two week high of $41.58.

IDT (NYSE:IDT) last issued its earnings results on Wednesday, June 5th. The utilities provider reported $0.33 earnings per share for the quarter. The business had revenue of $299.64 million during the quarter. IDT had a return on equity of 18.56% and a net margin of 2.97%.

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. IDT’s dividend payout ratio is 14.29%.

Institutional Investors Weigh In On IDT

Several hedge funds and other institutional investors have recently modified their holdings of IDT. Wealth Enhancement Advisory Services LLC bought a new stake in IDT during the first quarter worth $23,276,000. Campbell & CO Investment Adviser LLC grew its holdings in IDT by 28.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 53,367 shares of the utilities provider’s stock worth $1,819,000 after buying an additional 11,875 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in IDT by 163.3% during the fourth quarter. Russell Investments Group Ltd. now owns 94,905 shares of the utilities provider’s stock worth $3,235,000 after buying an additional 58,859 shares in the last quarter. Hsbc Holdings PLC grew its holdings in IDT by 121.3% during the third quarter. Hsbc Holdings PLC now owns 19,012 shares of the utilities provider’s stock worth $421,000 after buying an additional 10,422 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in IDT by 22.6% during the fourth quarter. Victory Capital Management Inc. now owns 40,070 shares of the utilities provider’s stock worth $1,366,000 after buying an additional 7,380 shares in the last quarter. Institutional investors own 59.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 6th.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.