ICF International (NASDAQ:ICFI) Receives Outperform Rating from D. Boral Capital

D. Boral Capital reissued their outperform rating on shares of ICF International (NASDAQ:ICFI) in a research note released on Monday,Benzinga reports. D. Boral Capital currently has a $174.00 price objective on the business services provider’s stock.

Several other research analysts have also weighed in on ICFI. Truist Financial reduced their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Barrington Research reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. Finally, StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, ICF International has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Stock Performance

ICF International stock opened at $125.94 on Monday. The company has a market cap of $2.36 billion, a PE ratio of 22.13 and a beta of 0.54. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 1 year low of $124.78 and a 1 year high of $179.67. The company’s 50-day moving average is $153.61 and its two-hundred day moving average is $152.52.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 EPS. Equities analysts anticipate that ICF International will post 7.35 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be given 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 dividend yield of 0.44%. ICF International’s payout ratio is presently 9.84%.

Insider Buying and Selling

In related news, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price 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 of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 4,038 shares of company stock valued at $705,355. 1.39% of the stock is owned by company insiders.

Institutional Trading of ICF International

Several large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in ICF International during the third quarter worth $734,000. Geode Capital Management LLC lifted its position in shares of ICF International by 4.3% during 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. Pier Capital LLC acquired a new stake in ICF International in the third quarter valued at about $6,579,000. Systematic Financial Management LP grew its position in ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after acquiring an additional 2,484 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after acquiring an additional 967 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.