Insider Selling: IDT Co. (NYSE:IDT) EVP Sells 2,290 Shares of Stock

IDT Co. (NYSE:IDT) EVP Joyce J. Mason sold 2,290 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $47.18, for a total value of $108,042.20. Following the completion of the sale, the executive vice president now owns 37,113 shares of the company’s stock, valued at $1,750,991.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IDT Trading Down 3.1 %

Shares of NYSE:IDT opened at $45.98 on Tuesday. IDT Co. has a 12-month low of $27.09 and a 12-month high of $49.60. The company has a market cap of $1.16 billion, a PE ratio of 32.84 and a beta of 0.78. The stock has a 50 day moving average of $39.50 and a 200 day moving average of $38.04.

IDT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. IDT’s dividend payout ratio (DPR) is presently 14.29%.

Institutional Trading of IDT

Several institutional investors and hedge funds have recently modified their holdings of IDT. CWM LLC boosted its position in shares of IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 624 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of IDT by 176.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 2,300 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of IDT during the second quarter valued at about $203,000. Principal Financial Group Inc. bought a new stake in shares of IDT in the first quarter worth about $254,000. Finally, SG Americas Securities LLC purchased a new stake in shares of IDT in the third quarter worth about $265,000. 59.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

IDT Company Profile

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.