Brokerages Set ICF International, Inc. (NASDAQ:ICFI) PT at $177.25

Shares of ICF International, Inc. (NASDAQ:ICFI) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $167.25.

Several research analysts have weighed in on the stock. Truist Financial lowered their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. 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 note on Tuesday, November 19th.

Insider Buying and Selling at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the acquisition, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 6,823 shares of company stock worth $1,165,078. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in ICF International by 13.1% in the third 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. SG Americas Securities LLC bought a new stake in shares of ICF International in the 1st quarter worth approximately $167,000. Marshall Wace LLP bought a new stake in shares of ICF International in the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC purchased a new position in ICF International in the third quarter valued at approximately $342,000. Finally, Martingale Asset Management L P grew its holdings in ICF International by 25.5% during 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 purchasing an additional 690 shares during the period. Institutional investors own 94.12% of the company’s stock.

ICF International Price Performance

Shares of ICFI opened at $134.29 on Thursday. The firm has a market cap of $2.52 billion, a PE ratio of 23.60 and a beta of 0.61. ICF International has a 52-week low of $128.28 and a 52-week high of $179.67. The business’s 50 day moving average price is $164.38 and its two-hundred day moving average price is $153.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that ICF International will post 7.44 EPS for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is 9.84%.

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.