By otakuyassine3@gmail.com 
ICF International, Inc. (NASDAQ:ICFI – Get Free Report)’s share price dropped 2.2% during mid-day trading on Friday . The stock traded as low as $119.78 and last traded at $120.03. Approximately 93,591 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 116,385 shares. The stock had previously closed at $122.73.
Analyst Ratings Changes
Several brokerages recently commented on ICFI. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Truist Financial cut their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Barrington Research reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.
View Our Latest Analysis on ICFI
ICF International Price Performance
The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 21.01 and a beta of 0.54. The stock’s fifty day moving average price is $149.97 and its 200-day moving average price is $151.85.
ICF International (NASDAQ:ICFI – Get Free Report) last announced its 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 net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period in the previous year, the business earned $1.81 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that ICF International, Inc. will post 7.35 EPS for the current fiscal year.
ICF International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.
Insider Buying and Selling at ICF International
In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at $593,293.71. The trade was a 29.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is currently owned by company insiders.
Institutional Trading of ICF International
Several large investors have recently added to or reduced their stakes in ICFI. Wilmington Savings Fund Society FSB acquired a new stake in shares of ICF International in the 3rd quarter valued at $734,000. Geode Capital Management LLC lifted its holdings in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Pier Capital LLC acquired a new position in ICF International during the third quarter valued at approximately $6,579,000. Systematic Financial Management LP lifted its stake in shares of ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after buying an additional 2,484 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of ICF International by 36.5% during the 3rd 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 during the period. 94.12% of the stock is owned by 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.
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