ICF International (NASDAQ:ICFI) Sets New 12-Month Low – Here’s What Happened

Shares of ICF International, Inc. (NASDAQ:ICFI) reached a new 52-week low on Wednesday . The company traded as low as $128.18 and last traded at $128.28, with a volume of 127137 shares trading hands. The stock had previously closed at $131.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ICFI shares. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, November 19th. Truist Financial decreased their price target on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.25.

ICF International Stock Performance

The firm’s 50 day simple moving average is $155.23 and its 200 day simple moving average is $152.57. The firm has a market cap of $2.35 billion, a PE ratio of 22.30 and a beta of 0.54. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 earnings per share. On average, research analysts forecast that ICF International, Inc. will post 7.35 EPS for the current fiscal year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Insider Buying and Selling

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares in the company, valued at $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO James C. M. Morgan sold 2,500 shares of ICF International 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 completion of the transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,038 shares of company stock worth $705,355. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after purchasing an additional 58 shares during the period. Marshall Wace LLP bought a new stake in ICF International in the second quarter worth about $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International during the third quarter valued at approximately $342,000. Martingale Asset Management L P grew its stake in shares of ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after buying an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after buying an additional 967 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.