Barrington Research Reiterates “Outperform” Rating for ICF International (NASDAQ:ICFI)

ICF International (NASDAQ:ICFI)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $174.00 price objective on the business services provider’s stock. Barrington Research’s price target points to a potential upside of 2.79% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Truist Financial downgraded ICF International from a “buy” rating to a “hold” rating and dropped their target price for the company from $168.00 to $155.00 in a research report on Monday, July 1st. William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

ICF International Trading Up 0.6 %

Shares of ICFI stock traded up $1.02 during trading hours on Friday, hitting $169.28. The company had a trading volume of 37,064 shares, compared to its average volume of 98,762. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $170.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. The company’s fifty day moving average is $155.38 and its 200 day moving average is $148.61. The stock has a market capitalization of $3.17 billion, a PE ratio of 34.41 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The company had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. During the same period in the prior year, the firm earned $1.57 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. Research analysts expect that ICF International will post 7.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Anne F. Choate sold 1,481 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the completion of the sale, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the transaction, the chief executive officer now owns 19,045 shares of the company’s stock, valued at $2,572,789.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anne F. Choate sold 1,481 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $133.89, for a total value of $198,291.09. Following the sale, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at $640,663.65. The disclosure for this sale can be found here. Insiders have sold 9,766 shares of company stock worth $1,444,534 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Whittier Trust Co. purchased a new position in ICF International in the 1st quarter valued at $25,000. Rhumbline Advisers increased its stake in shares of ICF International by 0.9% during the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock worth $4,081,000 after acquiring an additional 247 shares during the period. Argent Capital Management LLC increased its stake in shares of ICF International by 1.8% during the fourth quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock worth $3,254,000 after acquiring an additional 419 shares during the period. SG Americas Securities LLC purchased a new position in ICF International during the first quarter worth about $167,000. Finally, Torray Investment Partners LLC lifted its position in ICF International by 8.7% in the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after purchasing an additional 1,159 shares during the period. Institutional investors and hedge funds 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.