ICF International (NASDAQ:ICFI) Trading Up 4.7% – Still a Buy?

ICF International, Inc. (NASDAQ:ICFI) traded up 4.7% on Tuesday . The stock traded as high as $80.27 and last traded at $81.32. 27,224 shares changed hands during trading, a decline of 91% from the average session volume of 302,863 shares. The stock had previously closed at $77.68.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. D. Boral Capital restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Monday, December 16th. StockNews.com lowered shares of ICF International from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial cut their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Barrington Research decreased their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 target price (down previously from $200.00) on shares of ICF International in a research note on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.20.

ICF International Price Performance

The firm has a market capitalization of $1.51 billion, a P/E ratio of 13.93 and a beta of 0.56. The stock’s 50 day simple moving average is $115.20 and its 200 day simple moving average is $141.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, March 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. ICF International’s payout ratio is currently 9.61%.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently made changes to their positions in ICFI. Farther Finance Advisors LLC increased its stake in shares of ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the period. Chartwell Investment Partners LLC increased its position in ICF International by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 67 shares during the period. Torray Investment Partners LLC lifted its position in shares of ICF International by 1.2% in the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock worth $1,562,000 after purchasing an additional 152 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of ICF International by 1.0% during the fourth quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider’s stock valued at $2,511,000 after purchasing an additional 218 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in ICF International by 44.4% during the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after buying an additional 339 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.