ICF International (NASDAQ:ICFI) Cut to Buy at StockNews.com

StockNews.com lowered shares of ICF International (NASDAQ:ICFI) from a strong-buy rating to a buy rating in a report released on Wednesday.

ICFI has been the subject of several other reports. Barrington Research reiterated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Truist Financial reduced their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.25.

ICF International Stock Performance

ICFI stock opened at $138.57 on Wednesday. ICF International has a one year low of $128.28 and a one year high of $179.67. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 24.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50-day simple moving average of $162.02 and a two-hundred day simple moving average of $153.49.

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

ICF International Announces Dividend

The firm 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 dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.40%. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Insider Activity at ICF International

In other news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction 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. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,038 shares of company stock worth $705,355 over the last three months. Company insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors have recently bought and sold shares of ICFI. Wilmington Savings Fund Society FSB acquired a new position in shares of ICF International during the 3rd quarter worth approximately $734,000. Geode Capital Management LLC increased its holdings in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares in the last quarter. Pier Capital LLC acquired a new position in ICF International during the third quarter worth $6,579,000. Systematic Financial Management LP raised its position in ICF International by 0.9% during the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after acquiring an additional 2,484 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in ICF International by 36.5% during the third 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 in the last quarter. 94.12% of the stock is 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.