IDT (NYSE:IDT) Stock Price Down 1.7% - Time to Sell?

IDT Co. (NYSE:IDT - Get Free Report) shares dropped 1.7% on Friday . The stock traded as low as $46.46 and last traded at $46.73. Approximately 18,763 shares traded hands during trading, a decline of 78% from the average daily volume of 84,007 shares. The stock had previously closed at $47.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IDT from a "buy" rating to a "strong-buy" rating in a research note on Tuesday.

IDT Stock Up 3.0 %

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 17.22 and a beta of 0.84. The firm's 50 day moving average is $48.01 and its two-hundred day moving average is $46.53.

IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter. The firm had revenue of $303.35 million for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th will be paid a $0.06 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. This is a positive change from IDT's previous quarterly dividend of $0.05. IDT's dividend payout ratio (DPR) is presently 7.62%.

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Insider Buying and Selling at IDT

In other IDT news, CTO David Wartell sold 17,116 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total value of $806,334.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On IDT

Large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in shares of IDT by 272.1% in the third quarter. Point72 Asset Management L.P. now owns 13,396 shares of the utilities provider's stock valued at $511,000 after purchasing an additional 9,796 shares during the period. Proficio Capital Partners LLC bought a new position in shares of IDT in the fourth quarter valued at approximately $1,018,000. JPMorgan Chase & Co. boosted its holdings in shares of IDT by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 55,876 shares of the utilities provider's stock valued at $2,133,000 after acquiring an additional 5,417 shares in the last quarter. Barclays PLC boosted its holdings in shares of IDT by 240.3% in the third quarter. Barclays PLC now owns 27,066 shares of the utilities provider's stock valued at $1,034,000 after acquiring an additional 19,112 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of IDT by 121.7% in the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider's stock valued at $3,653,000 after acquiring an additional 52,532 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company's stock.

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.