IDT Co. (NYSE:IDT – Get Free Report) 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
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.
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