Bill Pereira Sells 29,175 Shares of IDT Co. (NYSE:IDT) Stock

IDT Co. (NYSE:IDT) COO Bill Pereira sold 29,175 shares of IDT stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total value of $1,378,227.00. Following the sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at approximately $1,889,600. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IDT Stock Up 0.6 %

NYSE IDT traded up $0.30 during trading on Friday, hitting $47.45. The company’s stock had a trading volume of 76,550 shares, compared to its average volume of 82,769. The firm has a 50 day moving average price of $39.03 and a 200 day moving average price of $37.91. The firm has a market cap of $1.20 billion, a P/E ratio of 33.89 and a beta of 0.78. IDT Co. has a 52 week low of $27.09 and a 52 week high of $49.60.

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio is presently 14.29%.

Institutional Trading of IDT

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in IDT by 40.3% in the first quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock valued at $5,036,000 after acquiring an additional 38,290 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in IDT in the first quarter valued at $23,276,000. State Board of Administration of Florida Retirement System grew its position in IDT by 28.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 26,642 shares of the utilities provider’s stock valued at $1,007,000 after acquiring an additional 5,842 shares during the period. Ritholtz Wealth Management bought a new stake in IDT in the second quarter valued at $537,000. Finally, Americana Partners LLC bought a new stake in IDT in the second quarter valued at $898,000. 59.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.