IDT Co. (NYSE:IDT) Director Eric F. Cosentino Sells 430 Shares

IDT Co. (NYSE:IDT) Director Eric F. Cosentino sold 430 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $36.93, for a total transaction of $15,879.90. Following the completion of the transaction, the director now directly owns 1,351 shares in the company, valued at approximately $49,892.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IDT Price Performance

NYSE IDT opened at $36.90 on Friday. The firm’s 50-day moving average is $36.89 and its two-hundred day moving average is $32.64. IDT Co. has a 12 month low of $21.64 and a 12 month high of $38.68. The stock has a market capitalization of $936.89 million, a P/E ratio of 25.45 and a beta of 0.97.

IDT (NYSE:IDT) last issued its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $296.10 million for the quarter. IDT had a net margin of 3.08% and a return on equity of 20.18%.

IDT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. IDT’s dividend payout ratio (DPR) is presently 13.79%.

Institutional Trading of IDT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. increased its stake in IDT by 1.8% during the fourth quarter. Alliancebernstein L.P. now owns 20,250 shares of the utilities provider’s stock worth $570,000 after purchasing an additional 350 shares during the period. American International Group Inc. increased its stake in IDT by 5.1% during the fourth quarter. American International Group Inc. now owns 7,339 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 354 shares during the period. Bank of America Corp DE increased its stake in shares of IDT by 1.7% during the first quarter. Bank of America Corp DE now owns 26,255 shares of the utilities provider’s stock worth $895,000 after buying an additional 444 shares during the period. Captrust Financial Advisors increased its stake in shares of IDT by 58.3% during the second quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider’s stock worth $35,000 after buying an additional 510 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of IDT by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the utilities provider’s stock worth $31,000 after buying an additional 539 shares during the period. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of IDT from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

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.