ICF International, Inc. (NASDAQ:ICFI) Short Interest Update

ICF International, Inc. (NASDAQ:ICFI) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 697,600 shares, an increase of 15.6% from the November 30th total of 603,500 shares. Based on an average daily volume of 171,000 shares, the short-interest ratio is presently 4.1 days. Approximately 3.8% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 4,038 shares of company stock worth $705,355. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of hedge funds have recently added to or reduced their stakes in ICFI. Wilmington Savings Fund Society FSB purchased a new stake in ICF International during the third quarter valued at approximately $734,000. Geode Capital Management LLC raised 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 period. Pier Capital LLC purchased a new position in ICF International during the third quarter valued at $6,579,000. Systematic Financial Management LP grew its holdings in ICF International by 0.9% during the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after purchasing an additional 2,484 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $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.

Analyst Ratings Changes

ICFI has been the subject of a number of research reports. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Truist Financial lowered their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. Finally, D. Boral Capital reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a 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 company. According to MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and an average target price of $168.60.

ICF International Trading Up 0.0 %

Shares of NASDAQ:ICFI traded up $0.02 on Monday, hitting $118.48. The company had a trading volume of 62,816 shares, compared to its average volume of 118,280. ICF International has a 1 year low of $116.66 and a 1 year high of $179.67. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.82 and a beta of 0.54. The firm’s 50-day simple moving average is $144.59 and its two-hundred day simple moving average is $151.08. 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 released its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. Equities analysts anticipate that ICF International will post 7.35 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business 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 $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.47%. ICF International’s dividend payout ratio is presently 9.84%.

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.