ICF International (NASDAQ:ICFI) Sets New 1-Year High at $161.19

ICF International, Inc. (NASDAQ:ICFI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $161.19 and last traded at $161.19, with a volume of 4314 shares changing hands. The stock had previously closed at $159.87.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICFI. Barrington Research boosted their price objective on ICF International from $173.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a research report on Monday, June 24th. Finally, Truist Financial downgraded shares of ICF International from a “buy” rating to a “hold” rating and dropped their price target for the company from $168.00 to $155.00 in a research report on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, ICF International presently has an average rating of “Moderate Buy” and a consensus target price of $159.75.

ICF International Price Performance

The company’s 50-day moving average is $145.01 and its 200-day moving average is $146.49. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 32.44 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.20. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The company had revenue of $512.03 million for the quarter, compared to analyst estimates of $505.70 million. During the same quarter last year, the company posted $1.57 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts predict that ICF International, Inc. will post 6.79 earnings per share for the current year.

ICF International Announces Dividend

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

Insider Activity

In other ICF International news, EVP Anne F. Choate sold 1,481 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $133.89, for a total transaction of $198,291.09. Following the sale, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares in the company, valued at $6,124,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were 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 owns 4,785 shares of the company’s stock, valued at $640,663.65. The disclosure for this sale can be found here. Insiders sold 6,981 shares of company stock valued at $984,811 over the last quarter. 1.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position 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. TimesSquare Capital Management LLC acquired a new position in shares of ICF International during the fourth quarter valued at about $16,126,000. Torray Investment Partners LLC lifted its position 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 valued at $1,743,000 after acquiring an additional 130 shares in the last quarter. Argent Capital Management LLC lifted its stake in ICF International by 1.8% during the 4th quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock valued at $3,254,000 after acquiring an additional 419 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in shares of ICF International by 4.5% during the fourth quarter. Congress Asset Management Co. MA now owns 269,980 shares of the business services provider’s stock valued at $36,202,000 after acquiring an additional 11,596 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.