ICF International’s (ICFI) Outperform Rating Reiterated at D. Boral Capital

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

A number of other equities analysts have also recently issued reports on the company. Truist Financial dropped their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, November 19th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.60.

ICF International Price Performance

ICF International stock opened at $122.34 on Monday. ICF International has a 12-month low of $122.00 and a 12-month high of $179.67. 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 firm has a 50-day moving average price of $151.85 and a 200-day moving average price of $152.20. The firm has a market capitalization of $2.30 billion, a PE ratio of 21.50 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $528.02 million. During the same quarter last year, the firm earned $1.81 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts forecast that ICF International will post 7.35 EPS for the current year.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid 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 0.46%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Activity at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction 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 trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 4,038 shares of company stock worth $705,355 over the last three months. 1.39% of the stock is owned by corporate insiders.

Institutional Trading of ICF International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in shares of ICF International by 94.1% during the 3rd 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. Quantbot Technologies LP purchased a new position in ICF International in the third quarter valued at about $852,000. Pier Capital LLC bought a new position in ICF International in the third quarter worth about $6,579,000. Congress Asset Management Co. lifted its position in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after buying an additional 34,299 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ICF International in the 3rd quarter valued at about $734,000. 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.