ICF International, Inc. (NASDAQ:ICFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ICF International, Inc. (NASDAQ:ICFI) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $159.50.

A number of brokerages have recently weighed in on ICFI. Barrington Research reiterated an “outperform” rating and issued a $173.00 price target on shares of ICF International in a report on Friday, May 31st. Truist Financial downgraded ICF International from a “buy” rating to a “hold” rating and lowered their price target for the company from $168.00 to $155.00 in a report on Monday, July 1st. Finally, William Blair upgraded ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th.

ICF International Stock Performance

ICF International stock opened at $140.74 on Friday. The stock’s 50 day moving average price is $140.78 and its 200 day moving average price is $143.87. The firm has a market capitalization of $2.64 billion, a PE ratio of 28.61 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.19. ICF International has a one year low of $115.41 and a one year high of $158.00.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating 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 company had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. During the same period in the prior year, the company posted $1.42 EPS. ICF International’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that ICF International will post 6.79 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, June 7th. ICF International’s dividend payout ratio is 11.38%.

Insider Activity at ICF International

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

Institutional Trading of ICF International

A number of hedge funds have recently modified their holdings of ICFI. Whittier Trust Co. bought a new stake in shares of ICF International in the 1st quarter worth approximately $25,000. SG Americas Securities LLC bought a new stake in shares of ICF International in the 1st quarter worth approximately $167,000. Handelsbanken Fonder AB lifted its position in shares of ICF International by 26.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after buying an additional 1,000 shares during the period. Trust Point Inc. bought a new position in shares of ICF International during the 4th quarter worth approximately $995,000. Finally, Torray Investment Partners LLC lifted its position in shares of ICF International by 1.0% during 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 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.