ICF International (NASDAQ:ICFI) Stock Price Passes Above 200 Day Moving Average of $149.13

ICF International, Inc. (NASDAQ:ICFI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $149.13 and traded as high as $167.01. ICF International shares last traded at $165.71, with a volume of 75,017 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on ICFI. William Blair raised shares of ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial cut shares of ICF International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, ICF International presently has a consensus rating of “Moderate Buy” and an average target price of $159.75.

ICF International Price Performance

The company’s 50-day moving average is $158.94 and its 200-day moving average is $149.11. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 33.68 and a beta of 0.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19.

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

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 11.38%.

Insider Buying and Selling at ICF International

In other news, CEO John Wasson sold 3,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total value of $405,270.00. Following the completion of the sale, the chief executive officer now owns 19,045 shares of the company’s stock, valued at $2,572,789.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the sale, the chief executive officer now directly owns 19,045 shares in the company, valued at approximately $2,572,789.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Anne F. Choate sold 1,481 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $133.89, for a total transaction of $198,291.09. Following the completion of the sale, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The disclosure for this sale can be found here. Insiders have sold a total of 9,766 shares of company stock valued at $1,444,534 over the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in ICF International in the first quarter valued at about $25,000. SG Americas Securities LLC acquired a new stake in ICF International in the first quarter valued at $167,000. Marshall Wace LLP bought a new position in ICF International during the 2nd quarter valued at $301,000. Torray Investment Partners LLC lifted its position in shares of ICF International by 8.7% during the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock worth $2,145,000 after purchasing an additional 1,159 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in ICF International by 9.4% in the first quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock worth $2,491,000 after purchasing an additional 1,419 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other 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.