ICF International (NASDAQ:ICFI) Sees Large Volume Increase – Time to Buy?

Shares of ICF International, Inc. (NASDAQ:ICFI) saw unusually-high trading volume on Wednesday . Approximately 410,332 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 321,728 shares.The stock last traded at $86.23 and had previously closed at $87.75.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ICFI shares. Barrington Research decreased their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. D. Boral Capital restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday, November 19th. Canaccord Genuity Group reissued 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, StockNews.com lowered shares of ICF International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, ICF International currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.20.

ICF International Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day moving average price is $110.46 and its two-hundred day moving average price is $138.18. The stock has a market capitalization of $1.61 billion, a PE ratio of 15.36 and a beta of 0.56.

ICF International Announces Dividend

The firm 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

Hedge Funds Weigh In On ICF International

Several large investors have recently made changes to their positions in ICFI. SG Americas Securities LLC increased its position in ICF International by 44.4% during the 4th 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of ICF International during the fourth quarter valued at $149,000. Cibc World Markets Corp purchased a new position in shares of ICF International in the 4th quarter worth about $208,000. Ethic Inc. bought a new position in ICF International in the 4th quarter worth about $292,000. Finally, Millstone Evans Group LLC bought a new position in ICF International in the 4th quarter worth about $447,000. 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.