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

ICF International, Inc. (NASDAQ:ICFI) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $168.60.

A number of research analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. D. Boral Capital reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Finally, StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th.

Insider Activity

In other news, COO James C. M. Morgan sold 2,500 shares of the company’s 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 transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Salmirs acquired 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $138.38 per share, with a total value of $55,352.00. Following the purchase, 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. Over the last three months, insiders sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pier Capital LLC bought a new position in shares of ICF International during the 3rd quarter valued at about $6,579,000. Congress Asset Management Co. lifted its holdings in shares of ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after acquiring an additional 34,299 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 valued at $73,566,000 after purchasing an additional 18,109 shares in the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in ICF International in the 3rd quarter worth $2,364,000. Finally, BNP Paribas Financial Markets lifted its stake in ICF International by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after purchasing an additional 8,548 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

ICF International Price Performance

ICFI stock opened at $119.14 on Friday. ICF International has a 1 year low of $114.99 and a 1 year high of $179.67. The stock has a market capitalization of $2.24 billion, a PE ratio of 20.94 and a beta of 0.57. The company’s 50-day moving average is $135.28 and its 200-day moving average is $149.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick 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. Equities research analysts expect that ICF International will post 7.35 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently announced 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 of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.47%. ICF International’s dividend payout ratio is currently 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.