ICF International, Inc. (NASDAQ:ICFI) Sees Large Drop in Short Interest

ICF International, Inc. (NASDAQ:ICFI) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 674,200 shares, a drop of 35.2% from the February 28th total of 1,040,000 shares. Based on an average trading volume of 304,300 shares, the short-interest ratio is currently 2.2 days. Currently, 3.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research firms have weighed in on ICFI. Barrington Research dropped their price target on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. StockNews.com raised shares of ICF International from a “hold” rating to a “buy” rating in a research report on Saturday. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday, December 16th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $100.00 target price (down from $200.00) on shares of ICF International in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of ICF International during the 4th quarter worth $149,000. Cibc World Markets Corp purchased a new position in shares of ICF International during the 4th quarter worth $208,000. Ethic Inc. acquired a new position in shares of ICF International during the 4th quarter valued at about $292,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of ICF International in the fourth quarter valued at about $447,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Price Performance

Shares of NASDAQ:ICFI traded up $0.18 during trading on Friday, reaching $86.17. The stock had a trading volume of 175,698 shares, compared to its average volume of 170,186. The business has a fifty day moving average price of $101.75 and a 200-day moving average price of $131.94. ICF International has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $1.59 billion, a PE ratio of 15.14 and a beta of 0.56.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued 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 yield of 0.65%. ICF International’s payout ratio is 9.61%.

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.