Joyce J. Mason Sells 1,500 Shares of IDT Co. (NYSE:IDT) Stock

IDT Co. (NYSE:IDT) EVP Joyce J. Mason sold 1,500 shares of IDT stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $47.02, for a total transaction of $70,530.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of IDT stock opened at $49.73 on Thursday. IDT Co. has a 52-week low of $5.95 and a 52-week high of $52.58. The business has a 50 day moving average price of $36.55. The stock has a market capitalization of $1.28 billion, a P/E ratio of 16.36 and a beta of 1.15.

IDT (NYSE:IDT) last issued its quarterly earnings results on Thursday, June 3rd. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. IDT had a net margin of 5.60% and a return on equity of 53.22%. The company had revenue of $373.83 million during the quarter.

Large investors have recently modified their holdings of the company. Citigroup Inc. lifted its position in shares of IDT by 189.9% during the 4th quarter. Citigroup Inc. now owns 4,603 shares of the utilities provider’s stock worth $57,000 after buying an additional 3,015 shares during the last quarter. Dorsey Wright & Associates lifted its position in shares of IDT by 135.3% during the 1st quarter. Dorsey Wright & Associates now owns 2,536 shares of the utilities provider’s stock worth $57,000 after buying an additional 1,458 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of IDT by 3,796.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,065 shares of the utilities provider’s stock worth $63,000 after buying an additional 4,935 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of IDT during the 4th quarter worth approximately $80,000. Finally, American International Group Inc. lifted its position in shares of IDT by 26.9% during the 4th quarter. American International Group Inc. now owns 11,522 shares of the utilities provider’s stock worth $142,000 after buying an additional 2,442 shares during the last quarter. Institutional investors and hedge funds own 37.57% of the company’s stock.

About IDT

IDT Corporation operates in the communications and payment industries in the United States and internationally. The company operates through two segments, Telecom & Payment Services, and net2phone. The Telecom & Payment Services Services segment offers national retail solutions, such as point of sale network; mobile top-up; and carrier services, as well as an international money remittance service and international long-distance calling service under the BOSS Revolution brand name.

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