ICF International (NASDAQ:ICFI) Trading Down 2.2% – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) shares fell 2.2% during mid-day trading on Friday . The company traded as low as $119.78 and last traded at $120.03. 93,591 shares were traded during trading, a decline of 20% from the average session volume of 116,385 shares. The stock had previously closed at $122.73.

Analyst Ratings Changes

ICFI has been the topic of a number of recent analyst reports. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, November 19th. Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. D. Boral Capital reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Trading Down 3.2 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a fifty day simple moving average of $150.94 and a two-hundred day simple moving average of $151.99. The firm has a market capitalization of $2.23 billion, a P/E ratio of 20.87 and a beta of 0.54.

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 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 the consensus estimate of $528.02 million. During the same period in the prior year, the firm earned $1.81 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that ICF International, Inc. will post 7.35 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio is presently 9.84%.

Insider Transactions at ICF International

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now owns 5,803 shares in the company, valued at $803,019.14. The trade was a 7.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,038 shares of company stock valued at $705,355. 1.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ICF International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in shares of ICF International by 13.1% during the 3rd 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 during the last quarter. Marshall Wace LLP bought a new stake in ICF International during the second quarter worth about $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International in the 3rd quarter worth about $342,000. Martingale Asset Management L P increased its position in shares of ICF International by 25.5% during 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 last quarter. Finally, Captrust Financial Advisors raised its holdings 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 valued at $603,000 after buying an additional 967 shares in the last quarter. Hedge funds and other 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.