Insider Selling: IDT Co. (NYSE:IDT) CTO Sells $525,907.65 in Stock

IDT Co. (NYSE:IDT) CTO David Wartell sold 10,735 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total transaction of $525,907.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

David Wartell also recently made the following trade(s):

• On Monday, December 23rd, David Wartell sold 17,116 shares of IDT stock. The stock was sold at an average price of $47.11, for a total value of $806,334.76.

IDT Trading Down 0.7 %

NYSE IDT opened at $50.60 on Friday. The company has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $46.72. IDT Co. has a 52 week low of $33.84 and a 52 week high of $58.77. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 17.33 and a beta of 0.84.

IDT (NYSE:IDT) last posted its earnings results on Thursday, March 6th. The utilities provider reported $0.81 EPS for the quarter. The firm had revenue of $303.35 million for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 17th will be paid a dividend of $0.06 per share. This is a boost from IDT’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 17th. IDT’s payout ratio is currently 7.62%.

Hedge Funds Weigh In On IDT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of IDT by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,265,815 shares of the utilities provider’s stock worth $60,152,000 after acquiring an additional 4,426 shares during the period. Geode Capital Management LLC raised its holdings in IDT by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 426,442 shares of the utilities provider’s stock worth $20,269,000 after purchasing an additional 5,346 shares in the last quarter. State Street Corp raised its holdings in IDT by 0.5% during the third quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock worth $14,911,000 after purchasing an additional 2,071 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in IDT by 6.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 351,588 shares of the utilities provider’s stock worth $16,707,000 after purchasing an additional 22,528 shares during the period. Finally, Deutsche Bank AG boosted its stake in IDT by 32.4% during the 4th quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider’s stock valued at $15,711,000 after purchasing an additional 80,817 shares in the last quarter. Institutional investors own 59.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

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.