ICF International (NASDAQ:ICFI) Lowered to “Buy” Rating by StockNews.com

StockNews.com cut shares of ICF International (NASDAQ:ICFI) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

A number of other analysts have also issued reports on ICFI. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. Truist Financial lowered their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and an average target price of $167.25.

ICF International Stock Down 1.8 %

ICFI opened at $136.74 on Wednesday. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The business has a 50-day moving average of $163.19 and a 200-day moving average of $153.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $2.57 billion, a PE ratio of 24.03 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the business earned $1.81 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that ICF International will post 7.44 EPS for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.41%. ICF International’s payout ratio is presently 9.84%.

Insider Buying and Selling at ICF International

In other news, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the firm’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 owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,038 shares of company stock valued at $705,355. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ICF International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Congress Asset Management Co. increased its stake in ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after buying an additional 34,299 shares during the last quarter. Tilia Fiduciary Partners Inc. acquired a new stake in ICF International in the 3rd quarter valued at $2,364,000. Argent Capital Management LLC increased its stake in ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after buying an additional 2,542 shares during the last quarter. Marshall Wace LLP acquired a new stake in ICF International in the 2nd quarter valued at $301,000. Finally, SG Americas Securities LLC increased its stake in ICF International by 730.3% in the 2nd quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after buying an additional 8,114 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.