Barrington Research Boosts ICF International (NASDAQ:ICFI) Price Target to $174.00

ICF International (NASDAQ:ICFI) had its target price lifted by Barrington Research from $173.00 to $174.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for ICF International’s Q3 2024 earnings at $1.81 EPS, Q4 2024 earnings at $1.78 EPS, FY2024 earnings at $7.05 EPS and FY2025 earnings at $7.90 EPS.

A number of other equities research analysts have also recently issued reports on the company. William Blair raised ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Truist Financial cut ICF International from a buy rating to a hold rating and decreased their target price for the stock from $168.00 to $155.00 in a research report on Monday, July 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $159.75.

ICF International Trading Up 0.7 %

NASDAQ:ICFI opened at $158.14 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.19. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $161.01. The stock’s 50-day moving average is $143.46 and its two-hundred day moving average is $145.85. The stock has a market cap of $2.96 billion, a PE ratio of 32.14 and a beta of 0.60.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.20. The company had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 EPS. As a group, equities research analysts forecast that ICF International will post 6.79 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. ICF International’s dividend payout ratio (DPR) is presently 11.38%.

Insider Activity

In other news, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $2,572,789.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $2,572,789.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the sale, the chief operating officer now owns 40,163 shares of the company’s stock, valued at $6,124,857.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,981 shares of company stock worth $984,811. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ICF International

Hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in ICF International during the first quarter worth about $25,000. SG Americas Securities LLC bought a new position in ICF International during the first quarter worth about $167,000. Marshall Wace LLP bought a new position in ICF International during the second quarter worth about $301,000. Handelsbanken Fonder AB boosted its holdings in 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 buying an additional 1,000 shares during the last quarter. Finally, Torray Investment Partners LLC boosted its holdings in ICF International by 1.0% during the fourth 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 last quarter. 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.