ICF International (NASDAQ:ICFI) Shares Up 4.9% – Still a Buy?

ICF International, Inc. (NASDAQ:ICFI) shot up 4.9% during mid-day trading on Monday . The company traded as high as $87.86 and last traded at $88.83. 36,592 shares changed hands during trading, a decline of 88% from the average session volume of 309,853 shares. The stock had previously closed at $84.65.

Analysts Set New Price Targets

A number of research firms recently commented on ICFI. Barrington Research decreased their target price on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Truist Financial decreased their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $100.00 price target (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.20.

ICF International Price Performance

The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 15.42 and a beta of 0.56. The stock’s 50 day moving average price is $111.09 and its two-hundred day moving average price is $138.54. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.64%. ICF International’s payout ratio is currently 9.61%.

Institutional Trading of ICF International

A number of hedge funds and other institutional investors have recently made changes to their positions in ICFI. BNP Paribas Financial Markets increased its stake in shares of ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider’s stock worth $10,756,000 after acquiring an additional 72,595 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of ICF International by 5,171.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock worth $8,810,000 after acquiring an additional 72,502 shares during the period. Marshall Wace LLP grew its position in ICF International by 2,331.0% during the fourth quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider’s stock valued at $7,770,000 after buying an additional 62,495 shares during the period. Pier Capital LLC acquired a new stake in ICF International during the third quarter valued at $6,579,000. Finally, Hillsdale Investment Management Inc. grew its position in ICF International by 76,550.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after buying an additional 30,620 shares during the period. Institutional investors and hedge funds 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.