IDT Co. (NYSE:IDT - Get Free Report) Director Eric F. Cosentino sold 430 shares of the firm's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $36.93, for a total value of $15,879.90. Following the completion of the sale, the director now directly owns 1,351 shares in the company, valued at $49,892.43. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
IDT Trading Down 0.9 %
Shares of NYSE:IDT opened at $36.90 on Friday. The stock's 50-day moving average price is $36.89 and its two-hundred day moving average price is $32.64. IDT Co. has a 12-month low of $21.64 and a 12-month high of $38.68. The firm has a market cap of $936.89 million, a price-to-earnings ratio of 25.45 and a beta of 0.97.
IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter. IDT had a return on equity of 20.18% and a net margin of 3.08%. The firm had revenue of $296.10 million for the quarter.
IDT Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 18th. IDT's dividend payout ratio is currently 13.79%.
Wall Street Analyst Weigh In
The Best AI Stock to Own in the World Today is Trading for Just $25
From Banyan Hill Publishing | Ad
“Titan of Tech” Bets Big on Tiny AI Company
He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal…
But our research shows his latest investment could be his most successful venture yet.
See how you can invest alongside him
Separately, StockNews.com raised IDT from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th.
Read Our Latest Stock Analysis on IDT
Hedge Funds Weigh In On IDT
Hedge funds and other institutional investors have recently modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of IDT by 11.0% in the 3rd quarter. Deutsche Bank AG now owns 160,460 shares of the utilities provider's stock valued at $3,538,000 after purchasing an additional 15,903 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of IDT by 397.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 41,492 shares of the utilities provider's stock valued at $915,000 after purchasing an additional 33,146 shares in the last quarter. Hsbc Holdings PLC lifted its position in IDT by 121.3% during the 3rd quarter. Hsbc Holdings PLC now owns 19,012 shares of the utilities provider's stock worth $421,000 after acquiring an additional 10,422 shares in the last quarter. Barclays PLC boosted its holdings in IDT by 13.6% in the 3rd quarter. Barclays PLC now owns 7,437 shares of the utilities provider's stock worth $164,000 after acquiring an additional 889 shares during the period. Finally, Adirondack Retirement Specialists Inc. boosted its holdings in IDT by 9.2% in the 3rd quarter. Adirondack Retirement Specialists Inc. now owns 614,927 shares of the utilities provider's stock worth $13,559,000 after acquiring an additional 51,694 shares during the period. 59.34% of the stock is owned by institutional investors and hedge funds.
About IDT
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
