IDT Co. (NYSE:IDT - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.54 and traded as high as $37.22. IDT shares last traded at $37.22, with a volume of 65,254 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of IDT from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th.
Get Our Latest Report on IDT
IDT Stock Down 0.9 %
The company has a market capitalization of $936.89 million, a PE ratio of 25.45 and a beta of 0.97. The firm's 50 day simple moving average is $36.89 and its 200 day simple moving average is $32.64.
IDT (NYSE:IDT - Get Free Report) last released its earnings results on Wednesday, March 6th. The utilities provider reported $0.59 earnings per share for the quarter. IDT had a return on equity of 20.18% and a net margin of 3.08%. The business had revenue of $296.10 million during the quarter.
IDT Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. IDT's dividend payout ratio (DPR) is 13.79%.
Insider Transactions at IDT
In related news, CAO Mitch Silberman sold 2,115 shares of IDT stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Bill Pereira sold 15,647 shares of IDT stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $37.95, for a total value of $593,803.65. Following the completion of the sale, the chief operating officer now directly owns 49,999 shares in the company, valued at $1,897,462.05. The transaction 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 IDT stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $38.01, for a total value of $80,391.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,192 shares of company stock worth $690,075. 15.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On IDT
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new position in IDT in the third quarter valued at about $30,000. Tower Research Capital LLC TRC grew its stake in shares of IDT by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the utilities provider's stock worth $31,000 after acquiring an additional 539 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of IDT by 58.3% during the second quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider's stock worth $35,000 after acquiring an additional 510 shares during the last quarter. Point72 Middle East FZE purchased a new stake in shares of IDT during the second quarter worth about $51,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of IDT during the third quarter worth about $75,000. Hedge funds and other institutional investors own 59.34% of the company's stock.
About IDT
(
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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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