ICF International (NASDAQ:ICFI) Reaches New 1-Year Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI) shares reached a new 52-week low on Monday . The stock traded as low as $116.45 and last traded at $116.51, with a volume of 57526 shares traded. The stock had previously closed at $118.82.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. D. Boral Capital reissued an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Monday, December 16th. Truist Financial decreased their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

ICF International Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.16 billion, a P/E ratio of 20.27 and a beta of 0.57. The firm’s 50-day moving average is $139.53 and its two-hundred day moving average is $150.32.

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

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given 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 0.49%. ICF International’s dividend payout ratio is presently 9.84%.

Insider Activity at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of the company’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 completion of the transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott B. Salmirs bought 400 shares of ICF International stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 4,038 shares of company stock worth $705,355 in the last 90 days. 1.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares in the last quarter. Marshall Wace LLP acquired a new position in ICF International in the second quarter worth about $301,000. AlphaMark Advisors LLC bought a new position in ICF International during the third quarter worth about $342,000. Martingale Asset Management L P boosted its holdings in ICF International by 25.5% during the third 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 in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 967 shares during the period. 94.12% of the stock is owned by institutional investors.

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.