IDT Co. (NYSE:IDT) EVP Joyce J. Mason Sells 2,094 Shares

IDT Co. (NYSE:IDT) EVP Joyce J. Mason sold 2,094 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $46.18, for a total transaction of $96,700.92. Following the completion of the transaction, the executive vice president now directly owns 21,878 shares in the company, valued at $1,010,326.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

IDT Price Performance

NYSE IDT opened at $46.97 on Thursday. The firm’s 50-day moving average is $39.93 and its two-hundred day moving average is $38.17. IDT Co. has a 12 month low of $27.09 and a 12 month high of $49.60. The stock has a market capitalization of $1.19 billion, a P/E ratio of 33.55 and a beta of 0.78.

IDT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.43%. IDT’s dividend payout ratio (DPR) is presently 14.29%.

Wall Street Analyst Weigh In

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 Trading of IDT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in IDT during the third quarter worth about $265,000. Point72 Asset Management L.P. increased its stake in IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 2,300 shares during the period. AQR Capital Management LLC increased its stake in IDT by 11.9% during the second quarter. AQR Capital Management LLC now owns 29,604 shares of the utilities provider’s stock worth $1,063,000 after purchasing an additional 3,140 shares during the period. Cubist Systematic Strategies LLC increased its stake in IDT by 34.5% during the second quarter. Cubist Systematic Strategies LLC now owns 35,178 shares of the utilities provider’s stock worth $1,264,000 after purchasing an additional 9,023 shares during the period. Finally, Marshall Wace LLP purchased a new stake in IDT during the second quarter worth about $976,000. 59.34% of the stock is currently owned by hedge funds and other 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.