IDT Co. (NYSE:IDT) CFO Marcelo Fischer Sells 600 Shares

IDT Co. (NYSE:IDT) CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $48.57, for a total value of $29,142.00. Following the sale, the chief financial officer now directly owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, October 11th, Marcelo Fischer sold 423 shares of IDT stock. The stock was sold at an average price of $48.36, for a total value of $20,456.28.

IDT Trading Up 0.4 %

Shares of NYSE:IDT opened at $46.77 on Wednesday. IDT Co. has a 1 year low of $27.09 and a 1 year high of $49.60. The firm has a fifty day moving average price of $38.54 and a 200 day moving average price of $37.77. The stock has a market capitalization of $1.19 billion, a PE ratio of 33.41 and a beta of 0.78.

IDT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, September 30th. IDT’s dividend payout ratio is 14.29%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in IDT during the first quarter worth approximately $23,276,000. Russell Investments Group Ltd. boosted its holdings in shares of IDT by 40.3% during the 1st quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock worth $5,036,000 after buying an additional 38,290 shares during the period. Renaissance Technologies LLC grew its stake in IDT by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after buying an additional 29,100 shares during the last quarter. Marshall Wace LLP bought a new position in IDT in the 2nd quarter worth $976,000. Finally, Americana Partners LLC bought a new position in IDT in the 2nd quarter worth $898,000. 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.