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

Shares of ICF International, Inc. (NASDAQ:ICFI) reached a new 52-week low during trading on Friday . The stock traded as low as $114.52 and last traded at $118.21, with a volume of 48778 shares changing hands. The stock had previously closed at $119.85.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ICFI. Truist Financial reduced their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. 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 reiterated an “outperform” rating and set 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 data from MarketBeat, ICF International presently has a consensus rating of “Moderate Buy” and an average target price of $168.60.

ICF International Price Performance

The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 20.73 and a beta of 0.57. The business’s 50-day moving average price is $125.97 and its two-hundred day moving average price is $148.29. 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 (NASDAQ:ICFI) last released its 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 firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. On average, research analysts forecast that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

Insider Activity at ICF International

In other ICF International news, Director Scott B. Salmirs acquired 400 shares of ICF International stock in a transaction on Monday, November 18th. The shares were bought 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 owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $593,293.71. This represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ICFI. Geode Capital Management LLC boosted its position in ICF International by 4.3% during the third 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. BNP Paribas Financial Markets increased its position in ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 8,548 shares during the period. Quantbot Technologies LP acquired a new stake in ICF International during the third quarter worth approximately $852,000. Pier Capital LLC acquired a new position in ICF International in the 3rd quarter valued at $6,579,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ICF International during the 3rd quarter valued at $734,000. 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.