Insider Selling: IDT Co. (NYSE:IDT) CTO Sells 10,735 Shares of Stock

IDT Co. (NYSE:IDT - Get Free Report) CTO David Wartell sold 10,735 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

David Wartell also recently made the following trade(s):

• On Monday, December 23rd, David Wartell sold 17,116 shares of IDT stock. The shares were sold at an average price of $47.11, for a total transaction of $806,334.76.

IDT Trading Up 0.9 %

IDT stock traded up $0.44 during midday trading on Monday, hitting $50.96. The stock had a trading volume of 40,758 shares, compared to its average volume of 86,734. The business has a fifty day moving average price of $48.29 and a two-hundred day moving average price of $46.78. IDT Co. has a 1-year low of $33.84 and a 1-year high of $58.77. The firm has a market cap of $1.29 billion, a P/E ratio of 17.45 and a beta of 0.84.

IDT (NYSE:IDT - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter. The firm had revenue of $303.35 million for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

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IDT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.47%. This is a positive change from IDT's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 17th. IDT's dividend payout ratio is presently 7.62%.

Institutional Trading of IDT

Several hedge funds have recently bought and sold shares of IDT. Park Square Financial Group LLC bought a new position in shares of IDT in the fourth quarter valued at $44,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in IDT by 35.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock valued at $116,000 after acquiring an additional 632 shares in the last quarter. Quantbot Technologies LP acquired a new position in IDT during the 4th quarter valued at about $129,000. New Age Alpha Advisors LLC bought a new stake in IDT during the 4th quarter worth approximately $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of IDT in the fourth quarter worth approximately $180,000. Institutional investors and hedge funds own 59.34% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IDT from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

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.