ICF International, Inc. (NASDAQ:ICFI) Short Interest Down 19.5% in March

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 542,700 shares, a drop of 19.5% from the March 15th total of 674,200 shares. Based on an average daily trading volume, of 320,100 shares, the short-interest ratio is presently 1.7 days. Currently, 3.0% of the shares of the company are short sold.

Analysts Set New Price Targets

ICFI has been the topic of several research reports. StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Barrington Research lowered their target price on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a research note on Friday, February 28th. Finally, Truist Financial lowered their price objective on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.20.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in shares of 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 worth $131,000 after acquiring an additional 339 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in ICF International during the 4th quarter worth approximately $149,000. Cibc World Markets Corp acquired a new position in shares of ICF International in the 4th quarter worth approximately $208,000. Ethic Inc. bought a new stake in shares of ICF International in the 4th quarter valued at $292,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of ICF International during the fourth quarter worth $447,000. Institutional investors own 94.12% of the company’s stock.

ICF International Price Performance

ICFI stock traded up $0.19 during midday trading on Friday, reaching $82.98. 231,015 shares of the stock were exchanged, compared to its average volume of 181,882. The company has a fifty day moving average price of $88.67 and a 200 day moving average price of $122.08. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67. The stock has a market capitalization of $1.53 billion, a PE ratio of 14.58 and a beta of 0.49. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, March 28th. ICF International’s dividend payout ratio is currently 9.61%.

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.