IDT (NYSE:IDT) Sets New 52-Week High - Still a Buy?

Shares of IDT Corporation (NYSE:IDT - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $70.13 and last traded at $69.78, with a volume of 102994 shares changing hands. The stock had previously closed at $69.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut IDT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

IDT Trading Up 1.3%

The firm has a market cap of $1.76 billion, a P/E ratio of 18.44 and a beta of 0.73. The stock's fifty day moving average is $60.19 and its two-hundred day moving average is $52.53.

IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. IDT had a return on equity of 26.38% and a net margin of 7.85%. The firm had revenue of $301.98 million for the quarter.

IDT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.34%. IDT's payout ratio is presently 6.33%.

Institutional Trading of IDT

Several institutional investors and hedge funds have recently made changes to their positions in IDT. Martingale Asset Management L P raised its holdings in shares of IDT by 1.0% during the 1st quarter. Martingale Asset Management L P now owns 20,610 shares of the utilities provider's stock valued at $1,058,000 after buying an additional 210 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in IDT by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock valued at $417,000 after acquiring an additional 303 shares during the last quarter. Rhumbline Advisers raised its stake in shares of IDT by 1.2% during the first quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider's stock worth $1,346,000 after acquiring an additional 320 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of IDT by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 6,097 shares of the utilities provider's stock worth $290,000 after acquiring an additional 477 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of IDT by 35.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock valued at $116,000 after purchasing an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.

IDT Company Profile

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.

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