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

Shares of ICF International, Inc. (NASDAQ:ICFI) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $159.75.

A number of brokerages recently issued reports on ICFI. Barrington Research increased their target price on ICF International from $173.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Truist Financial downgraded ICF International from a “buy” rating to a “hold” rating and cut their price target for the company from $168.00 to $155.00 in a research note on Monday, July 1st. Finally, William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th.

Insider Buying and Selling at ICF International

In other news, CEO John Wasson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total value of $405,270.00. Following the completion of the transaction, the chief executive officer now directly owns 19,045 shares in the company, valued at approximately $2,572,789.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other ICF International news, EVP Anne F. Choate sold 1,481 shares of ICF International stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $133.89, for a total transaction of $198,291.09. Following the transaction, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at $640,663.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Wasson sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the sale, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The disclosure for this sale can be found here. Insiders have sold 6,981 shares of company stock worth $984,811 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Large investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. MA grew its stake in shares of ICF International by 14.7% during the first quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock valued at $46,648,000 after buying an additional 39,709 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in ICF International by 5.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock worth $19,105,000 after purchasing an additional 6,570 shares during the period. BNP Paribas Financial Markets lifted its position in ICF International by 9.4% in the first quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock valued at $2,491,000 after purchasing an additional 1,419 shares during the last quarter. Strs Ohio boosted its stake in shares of ICF International by 14.9% during the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock valued at $7,350,000 after purchasing an additional 7,100 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Stock Performance

Shares of ICF International stock opened at $160.57 on Tuesday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 32.64 and a beta of 0.60. The company’s fifty day moving average is $144.40 and its 200 day moving average is $146.27. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. ICF International has a twelve month low of $115.67 and a twelve month high of $161.01.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.20. The business had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.50%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Sell-side analysts forecast that ICF International will post 6.79 EPS for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Friday, September 6th. ICF International’s payout ratio is 11.38%.

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.