Truist Financial Has Lowered Expectations for ICF International (NASDAQ:ICFI) Stock Price

ICF International (NASDAQ:ICFI) had its target price trimmed by Truist Financial from $180.00 to $140.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other brokerages have also commented on ICFI. StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barrington Research reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Finally, Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $167.25.

ICF International Price Performance

Shares of ICF International stock opened at $134.29 on Friday. ICF International has a 1-year low of $128.28 and a 1-year high of $179.67. The firm has a fifty day simple moving average of $164.38 and a 200-day simple moving average of $153.95. 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 stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 23.60 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results 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 return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the business posted $1.81 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that ICF International will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio is 9.84%.

Insider Transactions at ICF International

In related news, Director Scott B. Salmirs purchased 400 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. This represents a 28.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,823 shares of company stock valued at $1,165,078. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Several large investors have recently made changes to their positions in ICFI. Geode Capital Management LLC boosted its position in ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after buying an additional 18,109 shares in the last quarter. Pier Capital LLC bought a new stake in ICF International during the 3rd quarter worth approximately $6,579,000. Systematic Financial Management LP increased its holdings in ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after purchasing an additional 2,484 shares in the last quarter. Captrust Financial Advisors raised its position in 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 last quarter. Finally, Martingale Asset Management L P boosted its stake in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

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.