ICF International (NASDAQ:ICFI) Upgraded at StockNews.com

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a report released on Tuesday.

A number of other research analysts also recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Truist Financial upped their price target on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ICF International has an average rating of “Buy” and an average price target of $174.67.

ICF International Trading Down 3.9 %

Shares of ICFI traded down $5.97 during trading on Tuesday, reaching $149.02. 79,525 shares of the company traded hands, compared to its average volume of 101,542. ICF International has a twelve month low of $128.28 and a twelve month high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $167.72 and a 200-day simple moving average of $154.36. The stock has a market cap of $2.80 billion, a PE ratio of 27.24 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 earnings per share. On average, analysts anticipate that ICF International will post 7.45 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is currently 9.84%.

Insider Activity

In other news, EVP Anne F. Choate sold 1,368 shares of the company’s 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 sale, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. This represents a 28.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at $8,687,189.70. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,823 shares of company stock worth $1,165,078 over the last ninety days. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ICF International

Hedge funds have recently modified their holdings of the stock. Congress Asset Management Co. grew its stake in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after acquiring an additional 34,299 shares in the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International during the 3rd quarter valued at approximately $2,364,000. Argent Capital Management LLC grew its position in shares of ICF International by 10.2% during the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock worth $4,070,000 after buying an additional 2,542 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of ICF International in the second quarter worth $301,000. Finally, SG Americas Securities LLC raised its holdings in ICF International by 730.3% in the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after acquiring an additional 8,114 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About ICF International

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.