ICF International (NASDAQ:ICFI) Shares Down 3.1% – Should You Sell?

ICF International, Inc. (NASDAQ:ICFI) shares dropped 3.1% during trading on Friday . The stock traded as low as $162.10 and last traded at $163.30. Approximately 4,789 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 96,688 shares. The stock had previously closed at $168.59.

Wall Street Analysts Forecast Growth

ICFI has been the subject of several recent analyst reports. Truist Financial raised their price target on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday. Barrington Research reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and a consensus target price of $166.00.

ICF International Stock Down 0.5 %

The firm has a fifty day moving average price of $166.94 and a 200-day moving average price of $152.65. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 29.49 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.32. ICF International had a return on equity of 14.88% and a net margin of 5.38%. The business had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter last year, the firm earned $1.81 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that ICF International, Inc. will post 7.06 EPS for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors 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 0.33%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is currently 9.84%.

Insider Activity at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now owns 37,663 shares in the company, valued at approximately $6,593,661.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,285 shares of company stock worth $897,398. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. lifted its stake in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock worth $19,187,000 after purchasing an additional 3,070 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of ICF International by 5.5% during the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock worth $19,105,000 after purchasing an additional 6,570 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in shares of ICF International by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of ICF International by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after purchasing an additional 2,173 shares in the last quarter. 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.