IDT (NYSE:IDT) Share Price Passes Above Two Hundred Day Moving Average of $32.54

IDT Co. (NYSE:IDT)’s share price passed 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.

Wall Street Analyst Weigh In

Separately, StockNews.com raised IDT from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

IDT Stock Up 1.9 %

The business’s 50 day simple moving average is $36.86 and its 200 day simple moving average is $32.54. The company has a market capitalization of $945.02 million, a PE ratio of 25.67 and a beta of 0.97.

IDT (NYSE:IDT) last issued its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.59 EPS for the quarter. IDT had a net margin of 3.08% and a return on equity of 20.18%. The business had revenue of $296.10 million during the quarter.

IDT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 18th. IDT’s payout ratio is 13.79%.

Insiders Place Their Bets

In other IDT news, CAO Mitch Silberman sold 2,115 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $38.01, for a total value of $80,391.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other 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 transaction 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 approximately $1,897,462.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Mitch Silberman sold 2,115 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was 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. Corporate insiders own 15.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IDT. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 539 shares during the period. New York State Teachers Retirement System acquired a new position in IDT in the 3rd quarter valued at $30,000. Captrust Financial Advisors grew its stake in IDT by 58.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider’s stock valued at $35,000 after buying an additional 510 shares during the last quarter. Point72 Middle East FZE bought a new position in IDT in the 2nd quarter worth $51,000. Finally, Citigroup Inc. lifted its position in IDT by 175.4% during the 1st quarter. Citigroup Inc. now owns 2,933 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 1,868 shares during the last quarter. Institutional investors and hedge funds 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.