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

IDT Co. (NYSE:IDT) Director Eric F. Cosentino sold 430 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $49,892.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IDT Trading Down 0.8 %

NYSE:IDT opened at $36.94 on Friday. The firm has a fifty day simple moving average of $36.89 and a 200 day simple moving average of $32.71. IDT Co. has a 1-year low of $21.64 and a 1-year high of $38.68. The stock has a market capitalization of $937.91 million, a PE ratio of 25.48 and a beta of 0.97.

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

IDT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.05 per share. The ex-dividend date 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 13.79%.

Hedge Funds Weigh In On IDT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings 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 in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of IDT during the third quarter worth $30,000. Captrust Financial Advisors lifted its holdings 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 in the last quarter. Point72 Middle East FZE acquired a new stake in shares of IDT during the second quarter worth $51,000. Finally, Citigroup Inc. lifted its holdings in shares of IDT by 175.4% during the first quarter. Citigroup Inc. now owns 2,933 shares of the utilities provider’s stock worth $100,000 after buying an additional 1,868 shares in the last quarter. 59.34% of the stock is owned by 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 note 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.