IDT Co. (NYSE:IDT) CFO Sells $29,142.00 in Stock

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

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

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

IDT Stock Performance

Shares of IDT traded up $0.18 on Tuesday, reaching $46.77. The stock had a trading volume of 111,204 shares, compared to its average volume of 82,450. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 33.41 and a beta of 0.78. The company has a 50-day simple moving average of $38.30 and a 200-day simple moving average of $37.71. IDT Co. has a 12-month low of $27.09 and a 12-month high of $49.60.

IDT Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IDT. Wealth Enhancement Advisory Services LLC purchased a new position in shares of IDT in the 1st quarter valued at approximately $23,276,000. Russell Investments Group Ltd. lifted its stake in shares of 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 purchasing an additional 38,290 shares during the period. Renaissance Technologies LLC lifted its stake in shares of IDT by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after purchasing an additional 29,100 shares during the period. Marshall Wace LLP purchased a new position in shares of IDT in the 2nd quarter valued at approximately $976,000. Finally, Americana Partners LLC purchased a new position in IDT during the second quarter valued at $898,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

About IDT

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.