ICF International, Inc. (NASDAQ:ICFI) COO Sells $437,675.00 in Stock

ICF International, Inc. (NASDAQ:ICFI) COO James C. M. Morgan sold 2,500 shares of the 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 sale, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ICF International Stock Down 1.0 %

ICFI opened at $173.25 on Friday. ICF International, Inc. has a twelve month low of $115.67 and a twelve month high of $178.18. The company’s 50-day moving average price is $164.85 and its two-hundred day moving average price is $150.94. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 35.21 and a beta of 0.61. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.20. The business had revenue of $512.03 million during the quarter, compared to analyst estimates of $505.70 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. ICF International’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. As a group, equities analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 6th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, September 6th. ICF International’s payout ratio is currently 11.38%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial downgraded shares of ICF International from a “buy” rating to a “hold” rating and lowered their target price for the company from $168.00 to $155.00 in a report on Monday, July 1st. Barrington Research reissued an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. Finally, William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.75.

Institutional Investors Weigh In On ICF International

Several institutional investors have recently made changes to their positions in the stock. AlphaMark Advisors LLC purchased a new stake in shares of ICF International in the third quarter worth about $342,000. Tilia Fiduciary Partners Inc. bought a new position in shares of ICF International in the third quarter worth $2,364,000. Marshall Wace LLP purchased a new stake in shares of ICF International in the second quarter worth $301,000. Torray Investment Partners LLC boosted its stake in ICF International by 8.7% during the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after buying an additional 1,159 shares during the period. Finally, Rhumbline Advisers grew its position in ICF International by 0.9% during the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock worth $4,081,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors 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.