IDT (NYSE:IDT) Sets New 12-Month High – Time to Buy?

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

IDT Stock Down 0.1 %

The business’s 50-day simple moving average is $45.40 and its 200-day simple moving average is $40.21. The stock has a market cap of $1.31 billion, a PE ratio of 20.44 and a beta of 0.77.

IDT (NYSE:IDT) last announced its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. The firm had revenue of $308.83 million for 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 paid 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 was Monday, September 30th. IDT’s payout ratio is 7.87%.

Insider Buying and Selling

In related news, COO Bill Pereira sold 29,175 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $1,889,600. The trade was a 42.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joyce J. Mason sold 2,094 shares of IDT 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 8.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,582 shares of company stock valued at $1,632,568 over the last quarter. Corporate insiders own 25.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDT. Cerity Partners LLC lifted its position in IDT by 121.7% during the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock valued at $3,653,000 after purchasing an additional 52,532 shares during the period. Renaissance Technologies LLC lifted its position in IDT by 2.7% during the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after purchasing an additional 29,100 shares during the period. Marshall Wace LLP bought a new position in IDT during the second quarter valued at approximately $976,000. Geode Capital Management LLC lifted its position in IDT by 6.5% during the third quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock valued at $16,077,000 after purchasing an additional 25,541 shares during the period. Finally, Americana Partners LLC purchased a new stake in shares of IDT in the second quarter worth $898,000. Institutional investors own 59.34% of the company’s stock.

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.