IDT Co. (NYSE:IDT) CTO David Wartell Sells 10,735 Shares

IDT Co. (NYSE:IDT) CTO David Wartell sold 10,735 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

David Wartell also recently made the following trade(s):

• On Monday, December 23rd, David Wartell sold 17,116 shares of IDT stock. The shares were sold at an average price of $47.11, for a total value of $806,334.76.

IDT Trading Down 0.7 %

Shares of NYSE:IDT opened at $50.60 on Friday. IDT Co. has a 12-month low of $33.84 and a 12-month high of $58.77. The company has a market cap of $1.28 billion, a PE ratio of 17.33 and a beta of 0.84. The stock has a 50 day moving average of $48.29 and a 200 day moving average of $46.72.

IDT (NYSE:IDT) last posted its quarterly earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%. The business had revenue of $303.35 million during the quarter.

IDT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.47%. This is an increase from IDT’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 17th. IDT’s dividend payout ratio is presently 7.62%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDT. Victory Capital Management Inc. boosted its stake in IDT by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 34,313 shares of the utilities provider’s stock worth $1,310,000 after purchasing an additional 2,320 shares during the period. Quest Partners LLC raised its holdings in shares of IDT by 40.7% during the 3rd quarter. Quest Partners LLC now owns 10,554 shares of the utilities provider’s stock worth $403,000 after acquiring an additional 3,055 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of IDT by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock worth $6,024,000 after acquiring an additional 6,183 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of IDT by 121.7% during the 3rd quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock worth $3,653,000 after acquiring an additional 52,532 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of IDT by 26.8% during the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock worth $3,201,000 after acquiring an additional 17,725 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors.

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.