IDT Co. (NYSE:IDT) CTO Sells $806,334.76 in Stock

IDT Co. (NYSE:IDT) CTO David Wartell sold 17,116 shares of IDT stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $47.11, for a total transaction of $806,334.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

IDT Price Performance

Shares of NYSE IDT opened at $47.93 on Friday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 16.41 and a beta of 0.78. IDT Co. has a one year low of $32.08 and a one year high of $58.77. The firm’s 50 day simple moving average is $49.35 and its two-hundred day simple moving average is $41.91.

IDT (NYSE:IDT) last released its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The company had revenue of $308.83 million for the quarter.

IDT Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th will be paid a $0.05 dividend. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, December 23rd. IDT’s dividend payout ratio (DPR) is presently 6.85%.

Analysts Set New Price Targets

Separately, StockNews.com lowered IDT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 24th.

Institutional Investors Weigh In On IDT

Institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new stake in IDT in the third quarter valued at approximately $54,000. Point72 Asset Management L.P. raised its holdings in IDT by 176.9% during 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 during the last quarter. Versor Investments LP purchased a new stake in IDT during the 3rd quarter valued at $213,000. XTX Topco Ltd bought a new stake in IDT in the 2nd quarter worth $203,000. Finally, SG Americas Securities LLC purchased a new position in shares of IDT in the third quarter valued at about $265,000. 59.34% of the stock is currently owned by hedge funds and other 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.