ICF International (NASDAQ:ICFI) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

Several other brokerages have also recently issued reports on ICFI. Truist Financial lifted their price target on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ICF International currently has a consensus rating of “Buy” and an average price target of $174.67.

ICF International Stock Performance

NASDAQ ICFI traded down $5.97 during trading hours on Tuesday, hitting $149.02. The company had a trading volume of 79,525 shares, compared to its average volume of 101,542. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.80 billion, a P/E ratio of 27.24 and a beta of 0.61. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The business has a fifty day simple moving average of $167.72 and a 200-day simple moving average of $154.36.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same period in the prior year, the company posted $1.81 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that ICF International will post 7.45 EPS for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.38%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Buying and Selling

In other news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $563,805. The trade was a 28.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,823 shares of company stock worth $1,165,078. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. lifted its holdings in shares of ICF International by 10.7% during the third 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 during the period. Tilia Fiduciary Partners Inc. acquired a new stake in shares of ICF International during the 3rd quarter worth about $2,364,000. BNP Paribas Financial Markets lifted its holdings in ICF International by 94.1% during the 3rd 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 last quarter. SG Americas Securities LLC boosted its position in ICF International by 730.3% in the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after buying an additional 8,114 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in ICF International during the third quarter worth about $852,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.