IDT (NYSE:IDT) Hits New 1-Year High at $40.64

IDT Co. (NYSE:IDT - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $40.64 and last traded at $40.64, with a volume of 22792 shares traded. The stock had previously closed at $39.69.

Analyst Upgrades and Downgrades

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

IDT Trading Up 1.5 %

The firm has a fifty day moving average price of $37.64 and a 200 day moving average price of $34.68. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 27.79 and a beta of 0.99.

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

IDT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th. IDT's dividend payout ratio is 13.79%.

Insiders Place Their Bets

In other IDT news, COO Bill Pereira sold 15,647 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $37.95, for a total transaction of $593,803.65. Following the transaction, the chief operating officer now owns 49,999 shares of the company's stock, valued at approximately $1,897,462.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other IDT news, COO Bill Pereira sold 15,647 shares of the company's stock in a transaction 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 in the company, valued at approximately $1,897,462.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. In the last quarter, insiders have sold 18,192 shares of company stock valued at $690,075. 15.00% of the stock is currently owned by corporate insiders.

Institutional Trading of IDT

Several institutional investors and hedge funds have recently made changes to their positions in IDT. Wealth Enhancement Advisory Services LLC bought a new stake in shares of IDT during the 1st quarter valued at $23,276,000. Russell Investments Group Ltd. increased its position in shares of IDT by 163.3% in the 4th quarter. Russell Investments Group Ltd. now owns 94,905 shares of the utilities provider's stock valued at $3,235,000 after buying an additional 58,859 shares in the last quarter. Algert Global LLC increased its position in shares of IDT by 91.5% in the 3rd quarter. Algert Global LLC now owns 99,775 shares of the utilities provider's stock valued at $2,200,000 after buying an additional 47,670 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of IDT by 397.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 41,492 shares of the utilities provider's stock valued at $915,000 after buying an additional 33,146 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of IDT by 38.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 91,558 shares of the utilities provider's stock valued at $2,019,000 after buying an additional 25,575 shares in the last quarter. 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.