ICF International (NASDAQ:ICFI) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

Other equities analysts also recently issued research reports about the company. Truist Financial upped their target price on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $174.67.

ICF International Trading Down 11.5 %

NASDAQ ICFI opened at $137.20 on Tuesday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 24.11 and a beta of 0.61. The business has a fifty day simple moving average of $167.28 and a 200 day simple moving average of $154.31. ICF International has a 12 month low of $128.28 and a 12 month high of $179.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same quarter last year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that ICF International will post 7.45 EPS for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.41%. ICF International’s payout ratio is 9.84%.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. The trade was a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $593,293.71. This trade represents 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 sold 6,823 shares of company stock worth $1,165,078. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares during the last quarter. SG Americas Securities LLC acquired a new stake in ICF International during the 1st quarter worth approximately $167,000. Marshall Wace LLP acquired a new position in shares of ICF International during the 2nd quarter valued at $301,000. AlphaMark Advisors LLC bought a new stake in shares of ICF International in the 3rd quarter worth $342,000. Finally, Martingale Asset Management L P boosted its holdings in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.