IDT (NYSE:IDT) Stock: Insider Judah Schorr Sells 7,717 Shares

Key Points

• Director Judah Schorr sold 7,717 IDT shares at an average price of $81.57, generating approximately $629,476 and reducing his direct ownership by 6.63%. He also sold 6,036 shares the previous day for about $493,503.
• IDT shares fell 1.7% to $80.81, despite trading near their 12-month high of $83.19. The company reported quarterly revenue of $338.98 million, above estimates, but adjusted earnings of $0.94 per share missed the $0.98 consensus.
• Analyst sentiment remains positive, with an average rating of “Moderate Buy” and an $85 price target. IDT also paid a quarterly dividend of $0.07 per share, equivalent to a 0.3% annualized yield.

IDT Corporation (NYSE:IDT - Get Free Report) Director Judah Schorr sold 7,717 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $81.57, for a total value of $629,475.69. Following the completion of the transaction, the director directly owned 108,672 shares in the company, valued at $8,864,375.04. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Judah Schorr also recently made the following trade(s):

• On Wednesday, October 14th, Judah Schorr sold 6,036 shares of IDT stock. The stock was sold at an average price of $81.76, for a total value of $493,503.36.

IDT Trading Down 1.7%

IDT stock traded down $1.43 during trading hours on Friday, reaching $80.81. 191,554 shares of the company were exchanged, compared to its average volume of 192,754. IDT Corporation has a 12 month low of $46.48 and a 12 month high of $83.19. The stock has a 50-day moving average of $71.35 and a 200 day moving average of $61.31. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 23.29 and a beta of 0.60.

IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings results on Monday, September 28th. The utilities provider reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.04). IDT had a net margin of 6.67% and a return on equity of 24.22%. The firm had revenue of $338.98 million during the quarter, compared to the consensus estimate of $319.00 million. As a group, research analysts forecast that IDT Corporation will post 3.86 EPS for the current year.

IDT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Monday, October 5th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, October 5th. IDT's dividend payout ratio (DPR) is 8.07%.

Analyst Ratings Changes

A number of research analysts have weighed in on IDT shares. Weiss Ratings raised shares of IDT from a "hold (c+)" rating to a "buy (b)" rating in a research report on Tuesday, October 6th. Zacks Research raised IDT to a "hold" rating in a research report on Monday, October 5th. Finally, Freedom Broker raised their price target on IDT from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $85.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kahn Brothers Group Inc. bought a new stake in shares of IDT in the second quarter valued at approximately $20,453,000. Public Employees Retirement System of Ohio bought a new position in IDT during the second quarter worth $596,000. Tidal Investments LLC bought a new position in IDT during the second quarter worth $646,000. Nykredit A S bought a new position in IDT during the second quarter worth $32,000. Finally, Corient Private Wealth LP acquired a new position in IDT during the 2nd quarter valued at $252,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

IDT Company Profile

IDT Corporation NYSE: IDT is a telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.

Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.

IDT's National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.

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