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

ICF International, Inc. (NASDAQ:ICFI) has earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $166.00.

ICFI has been the topic of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial increased their price objective on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a report on Friday.

Insider Buying and Selling

In other ICF International news, CEO John Wasson sold 1,417 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at approximately $8,687,189.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the sale, the chief executive officer now directly owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,285 shares of company stock worth $897,398 in the last quarter. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. purchased a new position in ICF International in the 1st quarter worth about $25,000. Farther Finance Advisors LLC grew its stake in shares of ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares during the period. SG Americas Securities LLC purchased a new position in shares of ICF International during the first quarter valued at approximately $167,000. Marshall Wace LLP bought a new position in ICF International during the second quarter valued at approximately $301,000. Finally, AlphaMark Advisors LLC purchased a new stake in ICF International in the third quarter worth approximately $342,000. 94.12% of the stock is owned by institutional investors.

ICF International Stock Performance

Shares of ICFI stock opened at $167.77 on Friday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 29.49 and a beta of 0.61. The stock has a fifty day moving average of $166.94 and a 200 day moving average of $152.65. ICF International has a 52 week low of $115.67 and a 52 week high of $178.18. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, October 31st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.81 by $0.32. ICF International had a net margin of 5.38% and a return on equity of 14.88%. The firm had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period last year, the company posted $1.81 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts expect that ICF International will post 7.06 earnings per share for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. ICF International’s payout ratio is presently 9.84%.

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.