Truist Financial Has Lowered Expectations for ICF International (NASDAQ:ICFI) Stock Price

ICF International (NASDAQ:ICFI) had its target price lowered by Truist Financial from $180.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other research analysts have also recently commented on ICFI. StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Barrington Research reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, Sidoti raised 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, November 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $167.25.

ICF International Stock Performance

ICFI opened at $135.52 on Friday. ICF International has a twelve month low of $128.28 and a twelve month high of $179.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.54 billion, a PE ratio of 23.82 and a beta of 0.61. The firm’s 50-day moving average price is $163.71 and its 200 day moving average price is $153.82.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. As a group, sell-side analysts expect that ICF International will post 7.44 EPS 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. Investors of record on Friday, December 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Insiders Place Their Bets

In other news, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at $8,687,189.70. The trade was a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction that occurred 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 sale, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. This represents a 28.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,823 shares of company stock valued at $1,165,078. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ICFI. Farther Finance Advisors LLC grew its holdings in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares during the period. Chartwell Investment Partners LLC grew its position in shares of ICF International by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 67 shares during the period. Rhumbline Advisers grew its holdings in ICF International by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after buying an additional 247 shares during the period. Martingale Asset Management L P boosted its position 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 worth $567,000 after acquiring an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings 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 purchasing an additional 967 shares during the last quarter. 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.