ICF International (NASDAQ:ICFI) Downgraded to “Buy” Rating by StockNews.com

StockNews.com lowered shares of ICF International (NASDAQ:ICFI) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

Other equities analysts have also issued reports about the stock. Sidoti upgraded shares of 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. Truist Financial reduced their price target 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, ICF International presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.25.

ICF International Stock Performance

Shares of ICF International stock opened at $138.57 on Wednesday. The business’s 50 day moving average price is $162.02 and its 200 day moving average price is $153.49. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 24.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. ICF International has a one year low of $128.28 and a one year high of $179.67.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping 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 business had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. During the same quarter in the previous year, the firm earned $1.81 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, research analysts predict that ICF International will post 7.44 EPS for the current year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.40%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Salmirs bought 400 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the purchase, the director now owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 4,038 shares of company stock worth $705,355. Insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in shares of ICF International by 730.3% in the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after purchasing an additional 8,114 shares in the last quarter. Argent Capital Management LLC boosted its position in ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after buying an additional 2,542 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ICF International by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after acquiring an additional 2,173 shares in the last quarter. Peregrine Capital Management LLC increased its position in shares of ICF International by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after acquiring an additional 1,367 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of ICF International by 0.9% in the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after acquiring an additional 247 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other 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.