ICF International (NASDAQ:ICFI) Sees Unusually-High Trading Volume

Shares of ICF International, Inc. (NASDAQ:ICFI) saw an uptick in trading volume on Friday . 178,660 shares traded hands during trading, an increase of 83% from the previous session’s volume of 97,867 shares.The stock last traded at $132.77 and had previously closed at $131.00.

Analyst Ratings Changes

ICFI has been the topic of several research analyst reports. William Blair raised 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 reduced their price target for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $173.00 price objective on shares of ICF International in a research report on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $159.50.

ICF International Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $2.49 billion, a PE ratio of 26.63 and a beta of 0.60. The business has a fifty day simple moving average of $142.80 and a two-hundred day simple moving average of $143.41.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The firm had revenue of $494.44 million during the quarter, compared to analysts’ expectations of $487.95 million. During the same period in the prior year, the business posted $1.42 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts anticipate that ICF International, Inc. will post 6.79 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, June 7th. ICF International’s payout ratio is currently 11.38%.

Insider Activity at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,481 shares of ICF International stock in a transaction on Monday, July 8th. The shares were sold at an average price of $133.89, for a total value of $198,291.09. Following the transaction, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at $640,663.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ICF International news, EVP Anne F. Choate sold 1,481 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the completion of the sale, the executive vice president now directly owns 4,785 shares in the company, valued at $640,663.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total value of $405,270.00. Following the completion of the sale, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. purchased a new stake in shares of ICF International during the first quarter valued at $25,000. SG Americas Securities LLC purchased a new position in shares of ICF International in the first quarter worth about $167,000. Handelsbanken Fonder AB lifted its holdings in shares of ICF International by 26.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after purchasing an additional 1,000 shares during the period. Trust Point Inc. purchased a new stake in ICF International in the fourth quarter valued at approximately $995,000. Finally, Torray Investment Partners LLC increased its holdings in ICF International by 1.0% in the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock worth $1,743,000 after buying an additional 130 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.