IDT (NYSE:IDT) Reaches New 12-Month High at $38.70

IDT Co. (NYSE:IDT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.70 and last traded at $38.46, with a volume of 7631 shares traded. The stock had previously closed at $38.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IDT from a "hold" rating to a "buy" rating in a report on Thursday, March 7th.

IDT Trading Down 0.3 %

The firm has a market capitalization of $964.82 million, a PE ratio of 26.21 and a beta of 0.99. The firm has a 50-day moving average of $37.25 and a two-hundred day moving average of $33.89.

IDT (NYSE:IDT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.59 earnings per share for the quarter. IDT had a net margin of 3.08% and a return on equity of 20.18%. The firm had revenue of $296.10 million for the quarter.

IDT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 18th. IDT's dividend payout ratio is presently 13.79%.

Insider Activity

In other IDT news, CAO Mitch Silberman sold 2,115 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $38.01, for a total value of $80,391.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Bill Pereira sold 15,647 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $37.95, for a total transaction of $593,803.65. Following the completion of the sale, the chief operating officer now owns 49,999 shares of the company's stock, valued at $1,897,462.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mitch Silberman sold 2,115 shares of the company's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $38.01, for a total transaction of $80,391.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,192 shares of company stock worth $690,075. 15.00% of the stock is currently owned by corporate insiders.

Institutional Trading of IDT

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of IDT by 2.3% during the first quarter. BNP Paribas Financial Markets now owns 13,805 shares of the utilities provider's stock worth $522,000 after purchasing an additional 309 shares during the period. Barclays PLC raised its position in shares of IDT by 13.6% during the 3rd quarter. Barclays PLC now owns 7,437 shares of the utilities provider's stock worth $164,000 after purchasing an additional 889 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of IDT by 58.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,387 shares of the utilities provider's stock worth $114,000 after purchasing an additional 1,250 shares during the last quarter. New York State Teachers Retirement System acquired a new position in IDT during the 3rd quarter valued at approximately $30,000. Finally, Panagora Asset Management Inc. grew its stake in IDT by 3.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 66,275 shares of the utilities provider's stock worth $1,461,000 after buying an additional 2,452 shares during the last quarter. Institutional investors and hedge funds 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.