IDT (NYSE:IDT) Upgraded at StockNews.com

StockNews.com upgraded shares of IDT (NYSE:IDT - Free Report) from a buy rating to a strong-buy rating in a research note released on Tuesday.

IDT Trading Down 0.7 %

NYSE IDT traded down $0.35 during trading on Tuesday, reaching $50.60. 57,298 shares of the company's stock were exchanged, compared to its average volume of 86,407. IDT has a fifty-two week low of $33.84 and a fifty-two week high of $58.77. The company's fifty day simple moving average is $48.19 and its 200-day simple moving average is $46.58. The firm has a market capitalization of $1.28 billion, a PE ratio of 17.29 and a beta of 0.84.

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

IDT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from IDT's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.47%. IDT's dividend payout ratio is 7.62%.

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Insider Activity at IDT

In other news, CTO David Wartell sold 17,116 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $47.11, for a total transaction of $806,334.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 25.32% of the company's stock.

Institutional Trading of IDT

Several large investors have recently added to or reduced their stakes in IDT. Park Square Financial Group LLC bought a new stake in IDT in the fourth quarter worth $44,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of IDT by 35.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after acquiring an additional 632 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of IDT during the 4th quarter valued at about $129,000. New Age Alpha Advisors LLC bought a new position in shares of IDT in the 4th quarter valued at approximately $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in IDT during the fourth quarter worth approximately $180,000. 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.