IDT (NYSE:IDT) Hits New 52-Week High - What's Next?

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

Analyst Ratings Changes

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

IDT Stock Down 0.1%

The company's fifty day moving average price is $61.43 and its 200 day moving average price is $52.93. The company has a market capitalization of $1.76 billion, a P/E ratio of 18.41 and a beta of 0.73.

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

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.34%. IDT's dividend payout ratio (DPR) is 6.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of IDT by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,288,634 shares of the utilities provider's stock worth $66,120,000 after buying an additional 22,819 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of IDT by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 514,043 shares of the utilities provider's stock worth $26,376,000 after buying an additional 2,768 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of IDT by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 426,442 shares of the utilities provider's stock worth $20,269,000 after buying an additional 5,346 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of IDT by 6.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 351,588 shares of the utilities provider's stock worth $16,707,000 after buying an additional 22,528 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of IDT by 32.4% during the fourth quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider's stock worth $15,711,000 after buying an additional 80,817 shares during the last quarter. 59.34% of the stock is owned by institutional investors.

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.