ICF International (NASDAQ:ICFI) Price Target Raised to $180.00

ICF International (NASDAQ:ICFI) had its target price boosted by Truist Financial from $155.00 to $180.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

Separately, Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $166.00.

ICF International Price Performance

NASDAQ:ICFI opened at $169.51 on Friday. The stock has a 50 day moving average of $166.94 and a two-hundred day moving average of $152.83. ICF International has a 12 month low of $124.46 and a 12 month high of $178.18. The firm has a market cap of $3.18 billion, a P/E ratio of 29.79 and a beta of 0.61. 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 (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.81 by $0.32. The firm had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a return on equity of 14.88% and a net margin of 5.38%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 earnings per share. On average, analysts expect that ICF International will post 7.45 earnings per share for the current fiscal year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. 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

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $563,805. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,285 shares of company stock worth $897,398. Insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors have recently added to or reduced their stakes in ICFI. Whittier Trust Co. purchased a new position in shares of ICF International during the first quarter worth $25,000. Farther Finance Advisors LLC lifted its stake in ICF International by 13.1% during 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 in the last quarter. SG Americas Securities LLC purchased a new position in ICF International during the 1st quarter valued at about $167,000. Marshall Wace LLP acquired a new position in ICF International in the 2nd quarter valued at about $301,000. Finally, AlphaMark Advisors LLC purchased a new stake in ICF International during the third quarter worth about $342,000. 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.