IDT Co. (NYSE:IDT - Get Free Report) EVP Joyce J. Mason sold 2,094 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $46.18, for a total value of $96,700.92. Following the completion of the sale, the executive vice president now directly owns 21,878 shares of the company's stock, valued at $1,010,326.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
IDT Stock Performance
IDT stock traded down $1.48 during midday trading on Monday, reaching $45.98. The stock had a trading volume of 118,157 shares, compared to its average volume of 82,943. The stock has a market cap of $1.16 billion, a PE ratio of 32.84 and a beta of 0.78. The firm has a fifty day simple moving average of $39.50 and a two-hundred day simple moving average of $38.04. IDT Co. has a 52-week low of $27.09 and a 52-week high of $49.60.
IDT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. IDT's dividend payout ratio (DPR) is 14.29%.
Analyst Ratings Changes
Separately, StockNews.com raised IDT from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 19th.
Check Out Our Latest Research Report on IDT
Hedge Funds Weigh In On IDT
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in IDT by 2.3% in the 1st quarter. BNP Paribas Financial Markets now owns 13,805 shares of the utilities provider's stock worth $522,000 after acquiring an additional 309 shares during the last quarter. CWM LLC raised its stake in shares of IDT by 53.2% during the 2nd quarter. CWM LLC now owns 1,797 shares of the utilities provider's stock valued at $65,000 after buying an additional 624 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of IDT by 9.3% during the 2nd quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider's stock valued at $263,000 after buying an additional 625 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of IDT by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,647 shares of the utilities provider's stock valued at $479,000 after buying an additional 635 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of IDT by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 26,833 shares of the utilities provider's stock valued at $964,000 after buying an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.
About IDT
(
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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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