ICF International, Inc. (NASDAQ:ICFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ICF International, Inc. (NASDAQ:ICFI) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $167.25.

ICFI has been the topic of a number of analyst reports. 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. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barrington Research reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, November 19th.

ICF International Price Performance

ICF International stock opened at $135.52 on Thursday. ICF International has a 12 month low of $128.28 and a 12 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 business’s 50 day simple moving average is $163.71 and its 200 day simple moving average is $153.82. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 23.82 and a beta of 0.61.

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, topping the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during 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 was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.81 earnings per share. Sell-side analysts forecast that ICF International will post 7.44 EPS for the current year.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. The ex-dividend date 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 9.84%.

Insider Activity at ICF International

In related news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. This represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 37,663 shares in the company, valued at $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. In the last three months, insiders have sold 6,823 shares of company stock valued at $1,165,078. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in ICF International during the 1st quarter valued at about $167,000. Clearbridge Investments LLC grew its holdings in shares of ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock valued at $19,187,000 after buying an additional 3,070 shares during the last quarter. Argent Capital Management LLC increased its holdings in shares of 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 worth $4,070,000 after purchasing an additional 2,542 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in ICF International by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after buying an additional 2,173 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in ICF International by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after buying an additional 1,367 shares during the last quarter. 94.12% of the stock is owned by 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.