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

Shares of ICF International, Inc. (NASDAQ:ICFI) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $177.25.

Several equities analysts have commented on ICFI shares. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Truist Financial upped their price objective on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

ICF International Stock Up 2.3 %

ICFI opened at $136.48 on Thursday. The company has a market capitalization of $2.56 billion, a PE ratio of 23.99 and a beta of 0.61. The firm has a 50-day simple moving average of $165.65 and a two-hundred day simple moving average of $154.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 52 week low of $128.28 and a 52 week high of $179.67.

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

ICF International Dividend Announcement

The firm 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 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is 9.84%.

Insider Transactions at ICF International

In related news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now owns 52,605 shares in the company, valued at $8,687,189.70. This represents a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Salmirs bought 400 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 6,823 shares of company stock worth $1,165,078 over the last quarter. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ICF International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the period. SG Americas Securities LLC purchased a new position in ICF International in the 1st quarter valued at approximately $167,000. Marshall Wace LLP acquired a new position in shares of ICF International in the second quarter worth $301,000. AlphaMark Advisors LLC purchased a new stake in shares of ICF International during the third quarter worth $342,000. Finally, Martingale Asset Management L P raised its stake in shares of ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after acquiring an additional 690 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.