IDT (NYSE:IDT) Reaches New 1-Year High – Time to Buy?

IDT Co. (NYSE:IDT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $52.55 and last traded at $52.25, with a volume of 5999 shares traded. The stock had previously closed at $51.86.

IDT Stock Down 0.4 %

The firm has a market cap of $1.30 billion, a P/E ratio of 20.33 and a beta of 0.77. The company’s 50 day simple moving average is $45.91 and its 200-day simple moving average is $40.37.

IDT (NYSE:IDT) last announced its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (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 announced 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 0.39%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio (DPR) is presently 7.87%.

Insider Transactions at IDT

In related news, EVP Joyce J. Mason sold 2,094 shares of IDT stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $46.18, for a total transaction of $96,700.92. Following 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 8.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Bill Pereira sold 29,175 shares of IDT stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the transaction, the chief operating officer now directly owns 40,000 shares in the company, valued at approximately $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,582 shares of company stock valued at $1,632,568. 25.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IDT

Several institutional investors have recently bought and sold shares of IDT. Renaissance Technologies LLC grew its holdings in IDT by 2.7% in the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock worth $39,749,000 after purchasing an additional 29,100 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in IDT by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock worth $22,494,000 after purchasing an additional 2,169 shares during the last quarter. Geode Capital Management LLC grew its holdings in IDT by 6.5% in the third quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock worth $16,077,000 after purchasing an additional 25,541 shares during the last quarter. State Street Corp grew its holdings in IDT by 0.5% in the third quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock worth $14,911,000 after purchasing an additional 2,071 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in IDT by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock worth $6,024,000 after purchasing an additional 6,183 shares during the last quarter. 59.34% of the stock is owned by hedge funds and other 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.