IDT Co. (NYSE:IDT) EVP Sells $108,042.20 in Stock

IDT Co. (NYSE:IDT) EVP Joyce J. Mason sold 2,290 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $47.18, for a total value of $108,042.20. Following the sale, the executive vice president now owns 37,113 shares of the company’s stock, valued at approximately $1,750,991.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

IDT Stock Up 1.1 %

IDT stock opened at $46.97 on Thursday. The company has a fifty day simple moving average of $39.93 and a 200-day simple moving average of $38.17. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 33.55 and a beta of 0.78. IDT Co. has a 52-week low of $27.09 and a 52-week high of $49.60.

IDT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders 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 yield of 0.43%. IDT’s payout ratio is 14.29%.

Analyst Ratings Changes

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

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of IDT in the third quarter valued at approximately $265,000. Point72 Asset Management L.P. grew its holdings in IDT by 176.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after buying an additional 2,300 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of IDT by 11.9% in the 2nd quarter. AQR Capital Management LLC now owns 29,604 shares of the utilities provider’s stock worth $1,063,000 after acquiring an additional 3,140 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of IDT by 34.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,178 shares of the utilities provider’s stock worth $1,264,000 after acquiring an additional 9,023 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of IDT during the 2nd quarter worth $976,000. 59.34% of the stock is owned by hedge funds and other institutional investors.

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.