IDT Co. (NYSE:IDT – Get Free Report) CFO Marcelo Fischer sold 423 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $48.36, for a total transaction of $20,456.28. Following the completion of the transaction, the chief financial officer now directly owns 38,173 shares in the company, valued at $1,846,046.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Marcelo Fischer also recently made the following trade(s):
- On Monday, October 14th, Marcelo Fischer sold 600 shares of IDT stock. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00.
IDT Trading Up 0.4 %
NYSE IDT traded up $0.18 during trading hours on Tuesday, reaching $46.77. The company had a trading volume of 111,204 shares, compared to its average volume of 82,450. The stock has a market capitalization of $1.19 billion, a P/E ratio of 33.41 and a beta of 0.78. IDT Co. has a 1-year low of $27.09 and a 1-year high of $49.60. The stock has a 50-day moving average of $38.30 and a 200 day moving average of $37.71.
IDT Dividend Announcement
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of IDT from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th.
Get Our Latest Analysis on IDT
Institutional Trading of IDT
Several hedge funds have recently made changes to their positions in IDT. CWM LLC lifted 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 purchasing an additional 624 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 2,300 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of IDT during the second quarter worth about $203,000. Principal Financial Group Inc. acquired a new stake in shares of IDT during the first quarter worth about $254,000. Finally, SG Americas Securities LLC acquired a new stake in shares of IDT during the third quarter worth about $265,000. Institutional investors and hedge funds own 59.34% of the company’s stock.
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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