ICF International (NASDAQ:ICFI) Reaches New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

ICFI has been the topic of several research analyst reports. StockNews.com cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial decreased their target price 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. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.25.

ICF International Trading Down 1.3 %

The stock’s fifty day simple moving average is $155.23 and its two-hundred 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 quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating 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 company had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same quarter last year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that ICF International, Inc. will post 7.35 EPS for the current fiscal year.

ICF International Dividend Announcement

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

Insider Activity at ICF International

In other ICF International news, Director Scott B. Salmirs bought 400 shares of the business’s 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 owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $173.63, for a total value of $249,679.94. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,038 shares of company stock valued at $705,355. 1.39% of the stock is owned by insiders.

Hedge Funds Weigh In On ICF International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 58 shares during the period. Marshall Wace LLP bought a new position in shares of ICF International in the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International in the third quarter worth approximately $342,000. Martingale Asset Management L P boosted its holdings in shares of ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after buying an additional 967 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.