ICF International (NASDAQ:ICFI) Upgraded by Sidoti to “Buy” Rating

Sidoti upgraded shares of ICF International (NASDAQ:ICFI) from a neutral rating to a buy rating in a research report released on Tuesday, Marketbeat.com reports. Sidoti currently has $185.00 price objective on the business services provider’s stock.

ICFI has been the subject of several other research reports. Truist Financial raised their target price on shares of ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a report on Friday, November 1st. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $167.25.

ICF International Price Performance

ICF International stock opened at $134.29 on Tuesday. The firm has a 50-day moving average price of $164.38 and a 200-day moving average price of $153.91. The firm has a market capitalization of $2.52 billion, a PE ratio of 23.60 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 12-month low of $128.28 and a 12-month high of $179.67.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $1.81 EPS. As a group, equities research analysts forecast that ICF International will post 7.45 EPS for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,823 shares of company stock valued at $1,165,078. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of ICF International in the 1st quarter worth approximately $167,000. Marshall Wace LLP purchased a new position in shares of ICF International in the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International in the 3rd quarter worth approximately $342,000. Finally, Martingale Asset Management L P grew its position in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.