Key Points
- CFO Marcelo Fischer sold 7,009 shares on Jan. 14 at an average of $52.03 (≈$364,678) and additional small lots on Jan. 15 and Jan. 8, cutting his stake by roughly 11% per SEC filings — a notable insider sell-off.
- CEO Tebogo Malaka resigned amid allegations tied to a bribery sting related to an R836 million oxygen‑plant project, creating short‑term governance and reputational risk for the company.
- IDT recently beat quarterly estimates with $0.94 EPS vs. $0.88 consensus and $322.75M revenue vs. $308M est.; the company has a $1.26B market cap, a 15.55 PE ratio, and pays a $0.06 quarterly dividend (≈0.5% yield).
IDT Corporation (NYSE:IDT - Get Free Report) CFO Marcelo Fischer sold 920 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $52.04, for a total value of $47,876.80. Following the completion of the sale, the chief financial officer directly owned 55,943 shares in the company, valued at approximately $2,911,273.72. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Marcelo Fischer also recently made the following trade(s):
- On Wednesday, January 14th, Marcelo Fischer sold 7,009 shares of IDT stock. The stock was sold at an average price of $52.03, for a total value of $364,678.27.
- On Thursday, January 8th, Marcelo Fischer sold 641 shares of IDT stock. The shares were sold at an average price of $52.29, for a total value of $33,517.89.
IDT Stock Performance
IDT stock opened at $50.08 on Friday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 15.55 and a beta of 0.78. The company's fifty day moving average price is $50.85 and its 200 day moving average price is $55.88. IDT Corporation has a 1 year low of $45.07 and a 1 year high of $71.12.
IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Thursday, December 4th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. IDT had a net margin of 6.53% and a return on equity of 27.12%. The business had revenue of $322.75 million for the quarter, compared to the consensus estimate of $308.00 million.
IDT Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. IDT's dividend payout ratio (DPR) is currently 7.45%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of IDT in the fourth quarter valued at approximately $748,000. Public Employees Retirement System of Ohio acquired a new position in IDT during the third quarter worth $96,000. Ameriprise Financial Inc. acquired a new position in IDT during the third quarter worth $399,000. California State Teachers Retirement System grew its holdings in IDT by 27.0% in the 3rd quarter. California State Teachers Retirement System now owns 19,481 shares of the utilities provider's stock valued at $1,019,000 after buying an additional 4,136 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of IDT by 5.9% in the 3rd quarter. Strs Ohio now owns 10,700 shares of the utilities provider's stock worth $560,000 after acquiring an additional 600 shares during the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
IDT has been the subject of a number of research analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of IDT in a report on Monday, December 29th. Wall Street Zen raised IDT from a "buy" rating to a "strong-buy" rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, IDT has an average rating of "Hold".
Get Our Latest Stock Report on IDT
Key Headlines Impacting IDT
Here are the key news stories impacting IDT this week:
- Neutral Sentiment: One linked press item references Integrated DNA Technologies (a different "IDT") expanding its product portfolio; this appears unrelated to NYSE:IDT but could cause occasional headline confusion. Integrated DNA Technologies Expands Synthetic Biology Portfolio
- Negative Sentiment: CEO Tebogo Malaka resigned amid allegations tied to a bribery sting and pending disciplinary action; coverage cites fallout from a R836 million oxygen-plant project and notes public officials welcoming the resignation. A CEO departure under investigation raises short-term operational and reputational risk and increases governance uncertainty for investors. Suspended IDT CEO Tebogo Malaka resigns following bribery scandal
- Negative Sentiment: Chief Financial Officer Marcelo Fischer executed two recent stock sales (7,009 shares on Jan 14 at ~$52.03 and 920 shares on Jan 15 at ~$52.04). Combined, these filings show a meaningful reduction in his direct holding (reported up to ~10.97% decrease then a further ~1.62% decrease), which markets often interpret as a negative signal on near-term insider conviction despite his remaining sizable stake. The SEC filing with the transaction details is available here: SEC ownership filing
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.
Read More
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. Please send any questions or comments about this story to [email protected].
