IDT (NYSE:IDT) Stock Price Down 4.7% - Time to Sell?

IDT Co. (NYSE:IDT - Get Free Report)'s stock price fell 4.7% during mid-day trading on Friday . The stock traded as low as $50.56 and last traded at $50.78. 62,590 shares changed hands during trading, a decline of 26% from the average session volume of 84,768 shares. The stock had previously closed at $53.30.

IDT Price Performance

The company has a fifty day moving average of $47.48 and a 200-day moving average of $40.87. The firm has a market capitalization of $1.31 billion, a PE ratio of 17.81 and a beta of 0.78.

IDT (NYSE:IDT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. IDT had a return on equity of 23.09% and a net margin of 6.10%. The business had revenue of $308.83 million during the quarter.

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 paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. IDT's dividend payout ratio (DPR) is 6.85%.

Insider Transactions at IDT

In related news, CFO Marcelo Fischer sold 600 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $48.57, for a total transaction of $29,142.00. Following the transaction, the chief financial officer now owns 37,573 shares of the company's stock, valued at approximately $1,824,920.61. The trade was a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Bill Pereira sold 29,175 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the transaction, the chief operating officer now owns 40,000 shares of the company's stock, valued at approximately $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,582 shares of company stock worth $1,632,568 in the last 90 days. 25.32% of the stock is owned by insiders.

Institutional Trading of IDT

A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of IDT by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,647 shares of the utilities provider's stock valued at $479,000 after purchasing an additional 635 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of IDT by 35.5% in the second quarter. Harbor Capital Advisors Inc. now owns 7,648 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 2,002 shares in the last quarter. CWM LLC raised its stake in shares of IDT by 53.2% in the second quarter. CWM LLC now owns 1,797 shares of the utilities provider's stock valued at $65,000 after purchasing an additional 624 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of IDT by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider's stock valued at $2,815,000 after purchasing an additional 5,454 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of IDT by 9.3% in the second quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 625 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors.

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.