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

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

IDT Trading Down 1.6 %

IDT stock opened at $35.75 on Thursday. IDT Co. has a 52 week low of $21.64 and a 52 week high of $41.58. The stock 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 moving average of $37.82 and a 200-day moving average of $36.45.

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

IDT Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Trading of IDT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of IDT by 58.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,387 shares of the utilities provider’s stock valued at $114,000 after buying an additional 1,250 shares during the period. SG Americas Securities LLC bought a new position in IDT in the fourth quarter worth about $115,000. Mraz Amerine & Associates Inc. bought a new position in IDT in the fourth quarter worth about $236,000. Principal Financial Group Inc. acquired a new position in IDT in the first quarter valued at approximately $254,000. Finally, Aristides Capital LLC bought a new position in shares of IDT during the first quarter valued at approximately $268,000. 59.34% of the stock is owned by institutional investors and hedge funds.

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.