Inteliquent Inc. (IQNT) Now Covered by Analysts at Drexel Hamilton
A number of other brokerages have also weighed in on IQNT. Zacks Investment Research lowered shares of Inteliquent from a hold rating to a sell rating in a research report on Thursday, August 4th. Raymond James Financial Inc. lowered shares of Inteliquent from an outperform rating to a market perform rating in a research report on Tuesday, September 20th. Morgan Stanley reiterated a hold rating and set a $20.00 target price on shares of Inteliquent in a research report on Monday, August 1st. Finally, BWS Financial cut their target price on shares of Inteliquent from $30.00 to $24.00 and set a buy rating for the company in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $22.50.
Inteliquent (NASDAQ:IQNT) traded down 0.55% during trading on Tuesday, reaching $16.36. 74,369 shares of the company were exchanged. Inteliquent has a one year low of $14.56 and a one year high of $22.63. The company has a market capitalization of $560.05 million, a P/E ratio of 15.88 and a beta of 1.05. The firm’s 50-day moving average is $16.19 and its 200 day moving average is $17.11.
Inteliquent (NASDAQ:IQNT) last issued its earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $90.80 million for the quarter, compared to the consensus estimate of $90.28 million. Inteliquent had a return on equity of 19.26% and a net margin of 11.17%. Inteliquent’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. On average, analysts anticipate that Inteliquent will post $1.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 24th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.89%. Inteliquent’s dividend payout ratio (DPR) is currently 62.75%.
In other news, Director Rian J. Wren sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $20.71, for a total value of $310,650.00. Following the completion of the transaction, the director now directly owns 94,930 shares in the company, valued at $1,966,000.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rian J. Wren sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $20.44, for a total transaction of $919,800.00. Following the completion of the transaction, the director now owns 94,930 shares of the company’s stock, valued at $1,940,369.20. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of Inteliquent by 20.0% in the first quarter. Renaissance Technologies LLC now owns 1,715,582 shares of the company’s stock valued at $27,535,000 after buying an additional 286,380 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Inteliquent by 6.0% in the first quarter. TIAA CREF Investment Management LLC now owns 225,238 shares of the company’s stock valued at $3,615,000 after buying an additional 12,740 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Inteliquent by 7,685.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,133 shares of the company’s stock valued at $221,000 after buying an additional 10,990 shares during the last quarter. UBS Group AG raised its stake in shares of Inteliquent by 604.0% in the first quarter. UBS Group AG now owns 92,004 shares of the company’s stock valued at $1,477,000 after buying an additional 78,935 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Inteliquent during the second quarter valued at about $157,000. Institutional investors and hedge funds own 88.98% of the company’s stock.
Inteliquent, Inc is a provider of voice telecommunications services primarily on a wholesale basis. The Company offers its services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a range of media, including voice, and data and video. The Company’s solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network.
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