ICF International (NASDAQ:ICFI) Stock Price Down 5.7% – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) shares traded down 5.7% on Thursday . The stock traded as low as $129.40 and last traded at $125.23. 12,324 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 196,063 shares. The stock had previously closed at $132.82.

Analysts Set New Price Targets

ICFI has been the topic of several research analyst reports. Truist Financial lowered their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. StockNews.com cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Trading Down 2.6 %

The business’s 50 day moving average price is $127.09 and its 200-day moving average price is $148.55. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 21.69 and a beta of 0.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 earnings per share. On average, research analysts forecast that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.45%. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Insider Activity at ICF International

In other news, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Scott B. Salmirs bought 400 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. The trade was a 7.40 % increase in their position. The disclosure for this purchase can be found here. 1.39% of the stock is owned by insiders.

Institutional Trading of ICF International

Several large investors have recently made changes to their positions in the business. Pier Capital LLC bought a new position in shares of ICF International in the third quarter valued at about $6,579,000. Congress Asset Management Co. increased its position in ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after acquiring an additional 34,299 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of ICF International by 10.9% in the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after acquiring an additional 20,861 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of ICF International by 4.3% during the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. bought a new stake in shares of ICF International during the third quarter valued at approximately $2,364,000. 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.