Marcelo Fischer Sells 423 Shares of IDT Co. (NYSE:IDT) Stock

IDT Co. (NYSE:IDT) CFO Marcelo Fischer sold 423 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $48.36, for a total value of $20,456.28. Following the transaction, the chief financial officer now owns 38,173 shares in the company, valued at approximately $1,846,046.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 14th, Marcelo Fischer sold 600 shares of IDT stock. The shares were sold at an average price of $48.57, for a total value of $29,142.00.

IDT Trading Down 0.9 %

Shares of IDT opened at $47.15 on Friday. IDT Co. has a 12-month low of $27.09 and a 12-month high of $49.60. The firm has a market capitalization of $1.19 billion, a P/E ratio of 33.68 and a beta of 0.78. The firm has a 50-day moving average price of $39.03 and a 200 day moving average price of $37.91.

IDT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders 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 dividend yield of 0.42%. IDT’s dividend payout ratio (DPR) is 14.29%.

Analyst Upgrades and Downgrades

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

Institutional Trading of IDT

Institutional investors have recently made changes to their positions in the company. CWM LLC grew its position in IDT by 53.2% in the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 624 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of 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 purchasing an additional 2,300 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of IDT in the 2nd quarter valued at $203,000. Principal Financial Group Inc. purchased a new position in shares of IDT during the 1st quarter worth $254,000. Finally, SG Americas Securities LLC acquired a new stake in shares of IDT during the 3rd quarter worth about $265,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

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.