ICF International (NASDAQ:ICFI) Trading Down 5.7% – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Truist Financial decreased their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report 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. Finally, Sidoti upgraded 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.60.

ICF International Price Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $127.09 and a 200 day simple moving average of $148.55. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 21.69 and a beta of 0.57.

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

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 6th were paid 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 of this dividend was Friday, December 6th. 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 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 transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Salmirs acquired 400 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the acquisition, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in ICF International by 4.3% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets raised its position in shares of ICF International by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after purchasing an additional 8,548 shares during the period. Quantbot Technologies LP acquired a new stake in shares of ICF International in the third quarter worth $852,000. Pier Capital LLC bought a new stake in shares of ICF International during the 3rd quarter worth $6,579,000. Finally, Wilmington Savings Fund Society FSB bought a new position in ICF International in the 3rd quarter worth $734,000. Institutional investors and hedge funds 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.