Insider Selling: IDT Co. (NYSE:IDT) Director Sells 430 Shares of Stock

IDT Co. (NYSE:IDT - Get Free Report) Director Eric F. Cosentino sold 430 shares of IDT stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $36.93, for a total value of $15,879.90. Following the completion of the sale, the director now directly owns 1,351 shares in the company, valued at $49,892.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

IDT Trading Down 0.9 %

NYSE IDT traded down $0.32 on Friday, reaching $36.90. 51,502 shares of the company were exchanged, compared to its average volume of 75,149. The business's fifty day moving average price is $36.89 and its 200 day moving average price is $32.64. The stock has a market capitalization of $936.89 million, a P/E ratio of 25.45 and a beta of 0.97. IDT Co. has a fifty-two week low of $21.64 and a fifty-two week high of $38.68.

IDT (NYSE:IDT - Get Free Report) last posted its earnings results on Wednesday, March 6th. The utilities provider reported $0.59 EPS for the quarter. IDT had a return on equity of 20.18% and a net margin of 3.08%. The company had revenue of $296.10 million for the quarter.

IDT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. IDT's dividend payout ratio is currently 13.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised IDT from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th.

Institutional Investors Weigh In On IDT

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in IDT by 30.7% during the 4th quarter. Vanguard Group Inc. now owns 1,216,941 shares of the utilities provider's stock worth $41,486,000 after purchasing an additional 285,681 shares in the last quarter. Bandera Partners LLC grew its stake in IDT by 98.7% during the 1st quarter. Bandera Partners LLC now owns 470,000 shares of the utilities provider's stock worth $16,022,000 after purchasing an additional 233,441 shares in the last quarter. FMR LLC grew its stake in IDT by 27.9% during the 1st quarter. FMR LLC now owns 726,232 shares of the utilities provider's stock worth $24,750,000 after purchasing an additional 158,521 shares in the last quarter. Millennium Management LLC grew its stake in IDT by 701.7% during the 4th quarter. Millennium Management LLC now owns 137,024 shares of the utilities provider's stock worth $3,860,000 after purchasing an additional 119,932 shares in the last quarter. Finally, BlackRock Inc. grew its stake in IDT by 8.5% during the 3rd quarter. BlackRock Inc. now owns 1,315,980 shares of the utilities provider's stock worth $32,676,000 after purchasing an additional 102,831 shares in the last quarter. 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.