ICF International, Inc. (NASDAQ:ICFI) Given Consensus Rating of “Moderate Buy” by Analysts

ICF International, Inc. (NASDAQ:ICFI) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $168.60.

A number of brokerages recently issued reports on ICFI. Barrington Research reissued an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. Truist Financial cut their price objective on 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 shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, D. Boral Capital reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Monday, December 16th.

Insider Buying and Selling

In related news, Director Scott B. Salmirs acquired 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction 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 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 disclosure for this sale can be found here. Over the last quarter, 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

A number of hedge funds and other institutional investors have recently bought and sold shares of ICFI. Farther Finance Advisors LLC boosted its position in ICF International by 13.1% during 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 period. Marshall Wace LLP bought a new stake in shares of ICF International in the second quarter worth $301,000. AlphaMark Advisors LLC bought a new position in ICF International during the 3rd quarter worth $342,000. Martingale Asset Management L P lifted its holdings in ICF International by 25.5% during 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 period. Finally, Captrust Financial Advisors grew its position in shares of ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after buying an additional 967 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

ICF International Trading Up 2.7 %

NASDAQ ICFI opened at $119.14 on Friday. 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 $114.99 and a 12 month high of $179.67. The company has a market capitalization of $2.24 billion, a PE ratio of 20.94 and a beta of 0.57. The stock has a 50-day simple moving average of $135.28 and a 200 day simple moving average of $149.55.

ICF International (NASDAQ:ICFI) last announced its quarterly 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. 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 during the quarter, compared to the consensus estimate of $528.02 million. During the same period in the prior year, the company earned $1.81 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts forecast that ICF International will post 7.35 EPS for the current year.

ICF International Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.47%. ICF International’s dividend payout ratio is presently 9.84%.

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.