IDT (NYSE:IDT) Sees Unusually-High Trading Volume – What’s Next?

Shares of IDT Co. (NYSE:IDT) saw unusually-high trading volume on Thursday . Approximately 44,600 shares traded hands during mid-day trading, a decline of 43% from the previous session’s volume of 78,883 shares.The stock last traded at $49.13 and had previously closed at $46.58.

Analyst Upgrades and Downgrades

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 0.1 %

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 34.29 and a beta of 0.78. The firm’s 50 day moving average price is $38.07 and its two-hundred day moving average price is $37.65.

IDT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.20 annualized dividend and a yield of 0.42%. IDT’s dividend payout ratio is 14.29%.

Insider Activity

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

Institutional Inflows and Outflows

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

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.