ICF International, Inc. (NASDAQ:ICFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

ICF International, Inc. (NASDAQ:ICFI) has been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $167.25.

ICFI has been the subject of several recent research reports. Truist Financial reduced their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Barrington Research reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, November 19th.

ICF International Trading Down 1.3 %

ICFI opened at $125.28 on Monday. The firm’s fifty day simple moving average is $154.41 and its 200 day simple moving average is $152.62. The stock has a market capitalization of $2.35 billion, a P/E ratio of 22.02 and a beta of 0.54. 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 $124.78 and a 12 month high of $179.67.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. During the same period in the previous year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that ICF International will post 7.35 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is 9.84%.

Insider Activity

In related news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Salmirs bought 400 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 4,038 shares of company stock worth $705,355. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Several institutional investors and hedge funds have recently modified their holdings of ICFI. Farther Finance Advisors LLC grew its holdings in shares of ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of ICF International during the second quarter valued at $301,000. AlphaMark Advisors LLC bought a new stake in ICF International in the 3rd quarter worth about $342,000. Martingale Asset Management L P raised its position in 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. Finally, Captrust Financial Advisors lifted its position in ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 967 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

About ICF International

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.