IDT (NYSE:IDT) Shares Down 4.7% – Time to Sell?

Shares of IDT Co. (NYSE:IDT) fell 4.7% during trading on Friday . The company traded as low as $50.56 and last traded at $50.78. 62,590 shares traded hands during trading, a decline of 26% from the average session volume of 84,768 shares. The stock had previously closed at $53.30.

IDT Stock Performance

The stock has a market capitalization of $1.27 billion, a P/E ratio of 21.02 and a beta of 0.78. The stock’s fifty day simple moving average is $47.20 and its two-hundred day simple moving average is $40.79.

IDT (NYSE:IDT) last posted its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a return on equity of 19.44% and a net margin of 5.35%. The company had revenue of $308.83 million for the quarter.

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.20 annualized dividend and a yield of 0.40%. IDT’s dividend payout ratio (DPR) is 7.87%.

Insider Transactions at IDT

In related news, EVP Joyce J. Mason sold 2,094 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $46.18, for a total transaction of $96,700.92. Following the completion of the transaction, the executive vice president now owns 21,878 shares in the company, valued at approximately $1,010,326.04. This represents a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bill Pereira sold 29,175 shares of IDT stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the completion of the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at approximately $1,889,600. This represents a 42.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,582 shares of company stock worth $1,632,568 in the last 90 days. Insiders own 25.32% of the company’s stock.

Hedge Funds Weigh In On IDT

Several institutional investors and hedge funds have recently bought and sold shares of IDT. CWM LLC lifted its position in shares of IDT by 53.2% during the 2nd quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after buying an additional 624 shares during the last quarter. Principal Financial Group Inc. boosted its position in IDT by 9.3% during the second quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 625 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of IDT by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,647 shares of the utilities provider’s stock worth $479,000 after purchasing an additional 635 shares in the last quarter. Rhumbline Advisers raised its position in shares of IDT by 3.4% in the second quarter. Rhumbline Advisers now owns 26,833 shares of the utilities provider’s stock valued at $964,000 after purchasing an additional 891 shares during the period. Finally, Martingale Asset Management L P raised its position in shares of IDT by 6.6% in the third quarter. Martingale Asset Management L P now owns 20,396 shares of the utilities provider’s stock valued at $779,000 after purchasing an additional 1,264 shares during the period. 59.34% of the stock is owned by institutional investors.

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.