IDT (NYSE:IDT) Stock Rating Lowered by StockNews.com

IDT (NYSE:IDT) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

IDT Price Performance

IDT opened at $47.68 on Tuesday. The company has a 50 day simple moving average of $49.32 and a two-hundred day simple moving average of $41.71. The firm has a market cap of $1.20 billion, a P/E ratio of 16.33 and a beta of 0.78. IDT has a 1-year low of $32.08 and a 1-year high of $58.77.

IDT (NYSE:IDT) last issued its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. The company had revenue of $308.83 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

Insiders Place Their Bets

In other news, CFO Marcelo Fischer sold 600 shares of IDT stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $48.57, for a total value of $29,142.00. Following the sale, the chief financial officer now directly owns 37,573 shares of the company’s stock, valued at approximately $1,824,920.61. The trade was a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.74, for a total value of $53,740.00. Following the completion of the sale, the executive vice president now owns 4,775 shares in the company, valued at $256,608.50. This represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,582 shares of company stock worth $1,686,308 in the last three months. 25.32% of the stock is owned by company insiders.

Institutional Trading of IDT

A number of large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in shares of IDT during the 3rd quarter valued at approximately $54,000. Point72 Asset Management L.P. lifted its position 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 valued at $129,000 after purchasing an additional 2,300 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of IDT in the 2nd quarter worth $203,000. Versor Investments LP bought a new stake in shares of IDT in the 3rd quarter worth about $213,000. Finally, Principal Financial Group Inc. increased its holdings in shares of IDT by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 7,332 shares of the utilities provider’s stock worth $263,000 after buying an additional 625 shares during the last quarter. Institutional investors own 59.34% of the company’s stock.

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.