Several other brokerages have also recently weighed in on ICFI. Barrington Research reissued an outperform rating and issued a $98.00 price target (up previously from $89.00) on shares of ICF International in a research note on Friday, November 8th. Zacks Investment Research lowered ICF International from a buy rating to a hold rating and set a $88.00 price objective on the stock. in a research note on Tuesday, August 20th. William Blair reaffirmed a market perform rating on shares of ICF International in a research note on Thursday, November 7th. ValuEngine cut ICF International from a buy rating to a hold rating in a report on Tuesday, September 10th. Finally, Sidoti increased their target price on shares of ICF International from $96.00 to $99.00 and gave the company a buy rating in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $92.33.
NASDAQ:ICFI opened at $92.81 on Friday. ICF International has a one year low of $60.22 and a one year high of $93.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $1.75 billion, a PE ratio of 24.88, a P/E/G ratio of 2.21 and a beta of 0.59. The firm’s 50 day simple moving average is $86.06 and its 200 day simple moving average is $80.73.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, December 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, December 12th. ICF International’s dividend payout ratio (DPR) is presently 15.01%.
In related news, insider James C. M. Morgan sold 3,144 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $273,528.00. Following the transaction, the insider now owns 40,716 shares in the company, valued at approximately $3,542,292. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Sudhakar Kesavan sold 30,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $88.50, for a total transaction of $2,655,000.00. Following the transaction, the chairman now owns 213,498 shares in the company, valued at approximately $18,894,573. The disclosure for this sale can be found here. 4.42% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. FTB Advisors Inc. increased its stake in ICF International by 106.6% in the third quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 292 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of ICF International by 94.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock valued at $58,000 after buying an additional 334 shares during the period. Paloma Partners Management Co acquired a new stake in shares of ICF International in the 2nd quarter valued at about $246,000. Dupont Capital Management Corp acquired a new stake in shares of ICF International in the 2nd quarter valued at about $639,000. Finally, UBS Asset Management Americas Inc. increased its position in ICF International by 6.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after buying an additional 766 shares in the last quarter. 95.94% of the stock is currently owned by institutional investors and hedge funds.
ICF International Company Profile
ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.
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