IDT Co. (NYSE:IDT – Get Free Report) COO Bill Pereira sold 29,175 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the completion of the transaction, the chief operating officer now owns 40,000 shares in the company, valued at approximately $1,889,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
IDT Trading Up 0.6 %
Shares of IDT stock opened at $47.45 on Friday. IDT Co. has a 12 month low of $27.09 and a 12 month high of $49.60. The stock’s fifty day moving average price is $39.28 and its 200-day moving average price is $37.97. The firm has a market cap of $1.20 billion, a P/E ratio of 33.89 and a beta of 0.78.
IDT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. IDT’s payout ratio is presently 14.29%.
Hedge Funds Weigh In On IDT
Analysts Set New Price Targets
Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 19th.
Check Out Our Latest Stock Report on IDT
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.
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