IDT (NYSE:IDT) Hits New 12-Month High – What’s Next?

IDT Co. (NYSE:IDT)’s share price reached a new 52-week high on Wednesday . The company traded as high as $49.94 and last traded at $49.65, with a volume of 7958 shares traded. The stock had previously closed at $46.95.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of IDT from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th.

IDT Stock Up 0.7 %

The stock’s 50-day moving average price is $42.37 and its 200 day moving average price is $39.07. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 19.80 and a beta of 0.77.

IDT (NYSE:IDT) last announced its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. The business had revenue of $308.83 million during the quarter. IDT had a net margin of 5.35% and a return on equity of 19.44%.

IDT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio is currently 7.87%.

Insider Activity

In related news, CFO Marcelo Fischer sold 600 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Marcelo Fischer sold 600 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joyce J. Mason sold 2,094 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $46.18, for a total transaction of $96,700.92. Following the completion of the transaction, the executive vice president now directly owns 21,878 shares of the company’s stock, valued at $1,010,326.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,582 shares of company stock valued at $1,632,568. Insiders own 15.00% of the company’s stock.

Institutional Trading of IDT

Several large investors have recently added to or reduced their stakes in IDT. New York State Teachers Retirement System bought a new stake in IDT during the third quarter worth about $54,000. CWM LLC grew its stake in IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after buying an additional 624 shares during the last quarter. Point72 Asset Management L.P. grew its stake in IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after buying an additional 2,300 shares during the last quarter. XTX Topco Ltd bought a new stake in IDT during the second quarter worth about $203,000. Finally, Versor Investments LP bought a new stake in shares of IDT during the third quarter valued at approximately $213,000. 59.34% of the stock is owned by institutional investors.

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.