ICF International, Inc. (NASDAQ:ICFI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ICF International, Inc. (NASDAQ:ICFI) have received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $159.75.

A number of analysts have recently issued reports on ICFI shares. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Truist Financial downgraded ICF International from a “buy” rating to a “hold” rating and cut their price target for the company from $168.00 to $155.00 in a report on Monday, July 1st.

ICF International Stock Performance

NASDAQ ICFI opened at $168.11 on Friday. The firm’s fifty day moving average price is $166.01 and its two-hundred day moving average price is $151.78. ICF International has a 1 year low of $115.67 and a 1 year high of $178.18. The firm has a market capitalization of $3.15 billion, a P/E ratio of 32.27 and a beta of 0.61. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46.

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

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 6th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, September 6th. ICF International’s dividend payout ratio is presently 10.75%.

Insider Transactions at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total transaction of $381,250.00. Following the completion of the sale, the chief operating officer now directly owns 40,163 shares of the company’s stock, valued at approximately $6,124,857.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other ICF International news, CEO John Wasson sold 1,417 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at $8,687,189.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares in the company, valued at approximately $6,124,857.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,785 shares of company stock worth $1,278,648. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Several institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. acquired a new position in ICF International in the first quarter valued at about $25,000. SG Americas Securities LLC bought a new position in ICF International in the 1st quarter valued at about $167,000. Marshall Wace LLP acquired a new position in shares of ICF International in the 2nd quarter valued at approximately $301,000. AlphaMark Advisors LLC bought a new stake in shares of ICF International during the 3rd quarter worth approximately $342,000. Finally, Tilia Fiduciary Partners Inc. bought a new stake in shares of ICF International during the 3rd quarter worth approximately $2,364,000. 94.12% of the stock is currently owned by institutional investors.

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.