ICF International (NASDAQ:ICFI) Sets New 52-Week Low – Should You Sell?

ICF International, Inc. (NASDAQ:ICFI)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $128.18 and last traded at $128.28, with a volume of 127137 shares. The stock had previously closed at $131.27.

Analysts Set New Price Targets

ICFI has been the topic of several research reports. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Truist Financial decreased their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, November 19th. Finally, Barrington Research restated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.25.

ICF International Stock Performance

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 company has a market cap of $2.41 billion, a P/E ratio of 23.07 and a beta of 0.54. The company’s 50-day moving average price is $156.72 and its two-hundred day moving average price is $152.92.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. During the same quarter in the previous year, the business earned $1.81 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.44%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Transactions at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Salmirs bought 400 shares of the stock in a transaction on Monday, November 18th. The stock was purchased 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 approximately $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ICF International

Several large investors have recently made changes to their positions in ICFI. Farther Finance Advisors LLC raised its position in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of ICF International in the second quarter valued at approximately $301,000. AlphaMark Advisors LLC acquired a new position in shares of ICF International in the third quarter worth approximately $342,000. Martingale Asset Management L P lifted its stake in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after purchasing an additional 690 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after buying an additional 967 shares during the period. Institutional investors own 94.12% of the company’s stock.

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.