ICF International (NASDAQ:ICFI) Sets New 12-Month Low – Time to Sell?

ICF International, Inc. (NASDAQ:ICFI) hit a new 52-week low on Monday . The stock traded as low as $116.66 and last traded at $117.33, with a volume of 9294 shares. The stock had previously closed at $118.46.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Tuesday, November 19th. Truist Financial lowered their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Barrington Research restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, D. Boral Capital reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, ICF International currently has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Trading Down 1.5 %

The firm has a market cap of $2.19 billion, a PE ratio of 20.51 and a beta of 0.54. 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 business has a 50-day moving average price of $144.59 and a two-hundred day moving average price of $151.08.

ICF International (NASDAQ:ICFI) last posted its 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. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts forecast that ICF International, Inc. will post 7.35 EPS for the current year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is currently 9.84%.

Insiders Place Their Bets

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the sale, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the purchase, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 4,038 shares of company stock valued at $705,355. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake 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 buying an additional 18,109 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of ICF International by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 8,548 shares during the period. Quantbot Technologies LP purchased a new stake in ICF International in the third quarter valued at approximately $852,000. Pier Capital LLC purchased a new stake in ICF International in the third quarter valued at approximately $6,579,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in ICF International during the third quarter worth approximately $734,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.