IDT Co. (NYSE:IDT) CFO Marcelo Fischer Sells 600 Shares

IDT Co. (NYSE:IDT) CFO Marcelo Fischer sold 600 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the sale, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Marcelo Fischer also recently made the following trade(s):

• On Friday, October 11th, Marcelo Fischer sold 423 shares of IDT stock. The shares were sold at an average price of $48.36, for a total value of $20,456.28.

IDT Stock Performance

Shares of NYSE:IDT opened at $46.77 on Wednesday. The firm has a 50 day simple moving average of $38.54 and a 200 day simple moving average of $37.77. IDT Co. has a 52 week low of $27.09 and a 52 week high of $49.60. The company has a market cap of $1.19 billion, a PE ratio of 33.41 and a beta of 0.78.

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. IDT’s payout ratio is currently 14.29%.

Institutional Trading of IDT

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in IDT in the 1st quarter worth about $23,276,000. Allspring Global Investments Holdings LLC increased its holdings in shares of IDT by 18.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,267 shares of the utilities provider’s stock valued at $1,031,000 after purchasing an additional 4,294 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of IDT in the first quarter worth approximately $254,000. BNP Paribas Financial Markets boosted its holdings in shares of IDT by 2.3% during the first quarter. BNP Paribas Financial Markets now owns 13,805 shares of the utilities provider’s stock worth $522,000 after purchasing an additional 309 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in IDT by 40.3% in the 1st quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock valued at $5,036,000 after buying an additional 38,290 shares during the period. Institutional investors and hedge funds own 59.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

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.