IDT (NYSE:IDT) Reaches New 1-Year High – Should You Buy?

IDT Co. (NYSE:IDT)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $45.44 and last traded at $45.44, with a volume of 31507 shares trading hands. The stock had previously closed at $38.45.

Wall Street Analyst Weigh In

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

IDT Trading Up 3.0 %

The business’s 50 day moving average price is $37.64 and its two-hundred day moving average price is $37.51. The stock has a market cap of $1.22 billion, a P/E ratio of 34.30 and a beta of 0.78.

IDT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. IDT’s dividend payout ratio (DPR) is 14.29%.

Insider Activity

In related news, EVP Joyce J. Mason sold 7,570 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $37.25, for a total value of $281,982.50. Following the sale, the executive vice president now directly owns 12,996 shares of the company’s stock, valued at $484,101. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other IDT news, EVP Joyce J. Mason sold 7,570 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $37.25, for a total value of $281,982.50. Following the sale, the executive vice president now owns 12,996 shares in the company, valued at approximately $484,101. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric F. Cosentino sold 800 shares of IDT stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total transaction of $29,792.00. Following the transaction, the director now owns 551 shares of the company’s stock, valued at $20,519.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On IDT

Several hedge funds have recently added to or reduced their stakes in IDT. CWM LLC grew its holdings in shares of IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after buying an additional 624 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in IDT by 176.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 2,300 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of IDT in the 2nd quarter worth $203,000. Principal Financial Group Inc. purchased a new position in shares of IDT in the first quarter worth $254,000. Finally, SG Americas Securities LLC bought a new position in shares of IDT during the third quarter valued at $265,000. 59.34% of the stock is owned by 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.