IDT (NYSE:IDT) Stock: Insider Nadine Shea Sells 600 Shares

IDT Corporation (NYSE:IDT) EVP Nadine Shea sold 600 shares of IDT stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $81.22, for a total transaction of $48,732.00. Following the sale, the executive vice president directly owned 7,725 shares in the company, valued at approximately $627,424.50. The trade was a 7.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

IDT Stock Performance

IDT opened at $84.43 on Wednesday. The stock has a market capitalization of $2.10 billion, a PE ratio of 24.33 and a beta of 0.60. IDT Corporation has a one year low of $46.48 and a one year high of $84.56. The business’s 50 day moving average price is $72.40 and its 200 day moving average price is $62.01.

IDT (NYSE:IDT) last posted its earnings results on Monday, September 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.04). IDT had a return on equity of 24.22% and a net margin of 6.67%. The business had revenue of $338.98 million for the quarter, compared to analyst estimates of $319.00 million. As a group, equities research analysts forecast that IDT Corporation will post 3.86 earnings per share for the current fiscal year.

IDT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, October 5th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. IDT’s dividend payout ratio is currently 8.07%.

Hedge Funds Weigh In On IDT

A number of hedge funds have recently made changes to their positions in IDT. Kahn Brothers Group Inc. acquired a new stake in IDT in the 2nd quarter valued at approximately $20,453,000. Public Employees Retirement System of Ohio purchased a new stake in IDT in the second quarter valued at approximately $596,000. Tidal Investments LLC acquired a new position in IDT during the second quarter worth $646,000. Nisa Investment Advisors LLC lifted its stake in IDT by 85.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,066 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in IDT during the second quarter worth $25,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Wall Street Analysts Forecast Growth

IDT has been the subject of a number of recent analyst reports. Freedom Broker raised their price objective on IDT from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Weiss Ratings raised shares of IDT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Finally, Zacks Research raised shares of IDT to a “hold” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Key Headlines Impacting IDT

Here are the key news stories impacting IDT this week:

• Positive Sentiment: Analyst price-target increase: Freedom Broker raised its price target from $75 to $85 and maintained a “buy” rating. The target is slightly above IDT’s recent high, while the broader analyst consensus remains “Moderate Buy.” Freedom Broker raises IDT price target
• Positive Sentiment: Strong share-price momentum: IDT is trading well above its 50-day moving average of $72.01 and 200-day moving average of $61.77, and is only about 0.7% below its 52-week high. The company also pays a quarterly dividend of $0.07 per share. IDT stock near 52-week high
• Neutral Sentiment: Mixed earnings picture: IDT’s latest revenue of $338.98 million exceeded the $319 million analyst estimate, but earnings per share of $0.94 missed the $0.98 consensus. Analysts expect approximately $3.86 in full-year EPS, leaving valuation and earnings execution as key considerations.
• Negative Sentiment: Broad insider selling: CFO Marcelo Fischer sold shares worth approximately $761,000 across two transactions, while EVP Menachem Ash sold about $410,000. EVP Nadine Shea also sold $48,732 of stock, reducing her position by 7.21%. IDT executive stock sales
• Negative Sentiment: Director sale adds pressure: Director Schorr reportedly sold approximately $1.12 million of IDT shares. The combination of director and executive selling near record levels could raise concerns about limited near-term upside, even though insider transactions may also reflect personal liquidity or portfolio decisions. IDT director share sale

IDT Company Profile

IDT Corporation (NYSE: IDT) is a communications and financial technology company that provides telecommunications, payment and business services to consumers, small businesses and enterprise customers. Its offerings include international calling, mobile top-up services, money transfers and other digital payment solutions.

Through its BOSS Revolution brand, IDT serves consumers in the United States and other markets with international calling, mobile recharge and money-transfer products.