ICF International’s (ICFI) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of ICF International (NASDAQ:ICFI) in a report published on Friday, Benzinga reports. Barrington Research currently has a $174.00 price target on the business services provider’s stock.

Other analysts have also issued research reports about the stock. William Blair raised shares of ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Truist Financial downgraded shares of ICF International from a buy rating to a hold rating and dropped their price target for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $159.75.

ICF International Trading Down 0.4 %

ICFI stock opened at $167.51 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. ICF International has a 12-month low of $115.67 and a 12-month high of $170.47. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 34.05 and a beta of 0.61. The business’s 50-day moving average is $156.08 and its 200 day moving average is $148.61.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. The business had revenue of $512.03 million for the quarter, compared to analyst estimates of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS. On average, sell-side analysts anticipate that ICF International will post 7.06 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 6th. This represents a $0.56 annualized dividend and a yield of 0.33%. ICF International’s dividend payout ratio is currently 11.38%.

Insider Buying and Selling

In other ICF International news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ICF International news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 owns 4,785 shares in the company, valued at $640,663.65. The disclosure for this sale can be found here. Insiders sold 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.

Institutional Trading of ICF International

Large investors have recently modified their holdings of the business. Whittier Trust Co. acquired a new stake in ICF International during the first quarter worth approximately $25,000. SG Americas Securities LLC acquired a new stake in ICF International during the 1st quarter valued at $167,000. Marshall Wace LLP acquired a new stake in ICF International during the 2nd quarter valued at $301,000. Torray Investment Partners LLC grew its holdings in 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 purchasing an additional 1,159 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in 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 in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.