Marcelo Fischer Sells 641 Shares of IDT (NYSE:IDT) Stock

Key Points

  • CFO Marcelo Fischer sold 641 shares of IDT on Jan. 8 at an average price of $52.29 for $33,517.89, reducing his stake by 0.99% to 63,872 shares; the transaction was disclosed in an SEC filing.
  • IDT beat expectations in its most recent quarter with EPS of $0.94 versus $0.88 consensus and revenue of $322.75 million versus $308 million, and the company has a market cap of about $1.29 billion and a P/E of 15.95.
  • IDT recently paid a quarterly dividend of $0.06 (annualized $0.24) for a 0.5% yield and a 7.45% payout ratio, while analysts' average rating on the stock remains a Hold despite some upgrades.

IDT Corporation (NYSE:IDT - Get Free Report) CFO Marcelo Fischer sold 641 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $52.29, for a total transaction of $33,517.89. Following the transaction, the chief financial officer directly owned 63,872 shares in the company, valued at approximately $3,339,866.88. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

IDT Stock Up 0.8%

NYSE IDT opened at $51.35 on Tuesday. The company has a 50-day simple moving average of $50.83 and a two-hundred day simple moving average of $56.19. IDT Corporation has a 12-month low of $45.07 and a 12-month high of $71.12. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 15.95 and a beta of 0.78.

IDT (NYSE:IDT - Get Free Report) last released its earnings results on Thursday, December 4th. The utilities provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. IDT had a return on equity of 27.12% and a net margin of 6.53%.The company had revenue of $322.75 million during the quarter, compared to analyst estimates of $308.00 million.

IDT Dividend Announcement




The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were issued a $0.06 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. IDT's dividend payout ratio (DPR) is currently 7.45%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of IDT in a report on Monday, December 29th. Wall Street Zen upgraded IDT from a "buy" rating to a "strong-buy" rating in a report on Saturday, December 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IDT presently has an average rating of "Hold".

View Our Latest Analysis on IDT

Institutional Investors Weigh In On IDT

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in IDT by 4.4% in the second quarter. Geode Capital Management LLC now owns 460,089 shares of the utilities provider's stock worth $31,438,000 after buying an additional 19,275 shares in the last quarter. Millennium Management LLC grew its holdings in shares of IDT by 392.6% during the 1st quarter. Millennium Management LLC now owns 163,830 shares of the utilities provider's stock worth $8,406,000 after acquiring an additional 130,569 shares during the period. Bank of New York Mellon Corp raised its position in shares of IDT by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,762 shares of the utilities provider's stock worth $7,772,000 after acquiring an additional 2,510 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of IDT by 1,436.4% in the 2nd quarter. Marshall Wace LLP now owns 94,674 shares of the utilities provider's stock valued at $6,468,000 after purchasing an additional 88,512 shares during the period. Finally, CSM Advisors LLC bought a new stake in shares of IDT during the second quarter valued at approximately $5,608,000. Institutional investors own 59.34% of the company's stock.

IDT Company Profile

(Get Free Report)

IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.

Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.

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