ICF International, Inc. (NASDAQ:ICFI) Receives $167.25 Consensus PT from Analysts

Shares of ICF International, Inc. (NASDAQ:ICFI) have earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $168.60.

A number of brokerages have recently issued reports on ICFI. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, November 19th. D. Boral Capital restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Monday. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Truist Financial decreased their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Finally, Barrington Research restated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $593,293.71. The trade was 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 sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently added to or reduced their stakes in ICFI. Farther Finance Advisors LLC boosted its position in shares of ICF International by 13.1% during the third 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 position in shares of ICF International during the 2nd quarter valued at about $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International during the third quarter valued at about $342,000. Martingale Asset Management L P increased its holdings in shares of 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 during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after buying an additional 967 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Stock Down 3.2 %

NASDAQ:ICFI opened at $122.34 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $2.30 billion, a P/E ratio of 21.50 and a beta of 0.54. ICF International has a fifty-two week low of $122.00 and a fifty-two week high of $179.67. The firm has a 50-day simple moving average of $151.85 and a two-hundred day simple moving average of $152.20.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.36. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 earnings per share. Analysts predict that ICF International will post 7.35 earnings per share for the current fiscal 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 issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is 9.84%.

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.