ICF International, Inc. (NASDAQ:ICFI) Sees Significant Growth in Short Interest

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 771,200 shares, an increase of 10.6% from the December 15th total of 697,600 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily trading volume, of 186,300 shares, the days-to-cover ratio is currently 4.1 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on ICFI. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. Truist Financial decreased 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 report on Friday, November 22nd. Finally, D. Boral Capital reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, ICF International presently has a consensus rating of “Moderate Buy” and an average target price of $168.60.

Insider Buying and Selling at ICF International

In other news, Director Scott B. Salmirs bought 400 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $138.38 per share, for a total transaction 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. This trade represents a 7.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $593,293.71. The trade was a 29.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after buying an additional 339 shares in the last quarter. Argent Capital Management LLC increased its stake in ICF International by 15.7% during the 4th quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock valued at $3,985,000 after purchasing an additional 4,545 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in ICF International in the third quarter worth about $734,000. Geode Capital Management LLC lifted its stake in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after buying an additional 18,109 shares in the last quarter. Finally, Pier Capital LLC purchased a new stake in shares of ICF International during the third quarter valued at approximately $6,579,000. Institutional investors own 94.12% of the company’s stock.

ICF International Trading Up 0.1 %

ICF International stock traded up $0.14 during mid-day trading on Friday, hitting $129.44. The company’s stock had a trading volume of 127,323 shares, compared to its average volume of 162,439. The business has a 50 day moving average price of $130.15 and a 200-day moving average price of $148.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International has a 12 month low of $114.99 and a 12 month high of $179.67. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 22.75 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $1.81 earnings per share. As a group, analysts forecast that ICF International will post 7.44 EPS for the current year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were issued a $0.14 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.43%. ICF International’s dividend payout ratio (DPR) 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.