ICF International (NASDAQ:ICFI) Stock Rating Reaffirmed by Barrington Research

ICF International (NASDAQ:ICFI)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research note issued on Friday, Benzinga reports. They presently have a $174.00 target price on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 2.79% from the stock’s current price.

ICFI has been the subject of several other reports. William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Truist Financial lowered ICF International from a “buy” rating to a “hold” rating and lowered their target price for the company from $168.00 to $155.00 in a report on Monday, July 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.75.

ICF International Price Performance

Shares of NASDAQ:ICFI traded up $1.02 on Friday, reaching $169.28. 37,064 shares of the company were exchanged, compared to its average volume of 98,762. The company has a 50-day moving average of $155.38 and a 200-day moving average of $148.61. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 34.41 and a beta of 0.61. ICF International has a 1-year low of $115.67 and a 1-year high of $170.47.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping 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 firm had revenue of $512.03 million for the quarter, compared to the consensus estimate of $505.70 million. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that ICF International will post 7.06 earnings per share for the current fiscal year.

Insider Activity at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $563,805. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at $8,687,189.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,766 shares of company stock valued at $1,444,534. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Whittier Trust Co. purchased a new stake in shares of ICF International in the first quarter valued at $25,000. SG Americas Securities LLC acquired a new stake in ICF International in the 1st quarter worth about $167,000. Marshall Wace LLP acquired a new position in shares of ICF International during the 2nd quarter valued at about $301,000. Torray Investment Partners LLC increased its stake in shares of ICF International by 8.7% during the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after acquiring an additional 1,159 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of ICF International by 9.4% during the 1st quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock worth $2,491,000 after acquiring an additional 1,419 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.