ICF International, Inc. (NASDAQ:ICFI) Director Buys $168,800.00 in Stock

ICF International, Inc. (NASDAQ:ICFI) Director Randall Mehl purchased 2,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was acquired at an average cost of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the purchase, the director now owns 17,754 shares of the company’s stock, valued at approximately $1,498,437.60. This represents a 12.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

ICF International Stock Up 2.1%

Shares of ICFI opened at $88.11 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.62 billion, a P/E ratio of 15.49 and a beta of 0.51. The company’s 50-day moving average price is $84.64 and its 200 day moving average price is $101.54. ICF International, Inc. has a 12-month low of $75.91 and a 12-month high of $179.67.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $487.62 million for the quarter, compared to the consensus estimate of $487.28 million. During the same period in the previous year, the firm earned $1.77 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, June 6th. ICF International’s payout ratio is 9.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group dropped their price target on ICF International from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Truist Financial dropped their target price on ICF International from $97.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Barrington Research reiterated an “outperform” rating and set a $102.00 price target on shares of ICF International in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ICFI. Rhumbline Advisers grew its stake in shares of ICF International by 17.0% in the fourth quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider’s stock valued at $3,651,000 after buying an additional 4,457 shares in the last quarter. GAMMA Investing LLC lifted its stake in ICF International by 23,974.1% during the 1st quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider’s stock worth $11,050,000 after acquiring an additional 12,946 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in ICF International by 76,550.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after acquiring an additional 30,620 shares during the period. Jump Financial LLC grew its position in ICF International by 107.1% in the 4th quarter. Jump Financial LLC now owns 18,843 shares of the business services provider’s stock valued at $2,246,000 after acquiring an additional 9,743 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in ICF International in the 4th quarter valued at about $447,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.