ICF International (NASDAQ:ICFI) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a report released on Monday.

Several other analysts have also recently commented on the company. D. Boral Capital restated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Monday, December 16th. Truist Financial lowered their price target on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. Barrington Research lowered their target price on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.20.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $81.89 on Monday. The firm’s 50 day moving average is $114.47 and its two-hundred day moving average is $141.21. The firm has a market capitalization of $1.51 billion, a P/E ratio of 14.39 and a beta of 0.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

Hedge Funds Weigh In On ICF International

Several large investors have recently made changes to their positions in ICFI. Farther Finance Advisors LLC grew its holdings in shares of ICF International by 13.1% in the 3rd 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. Chartwell Investment Partners LLC raised its holdings in ICF International by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock worth $1,377,000 after buying an additional 67 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of ICF International by 17.4% in the third quarter. Zions Bancorporation N.A. now owns 15,994 shares of the business services provider’s stock worth $2,668,000 after buying an additional 2,368 shares during the period. Quantbot Technologies LP purchased a new position in shares of ICF International in the third quarter worth approximately $852,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after acquiring an additional 8,548 shares during the period. Institutional investors own 94.12% of the company’s stock.

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.