ICF International, Inc. (NASDAQ:ICFI) Receives $159.75 Consensus PT from Analysts

ICF International, Inc. (NASDAQ:ICFI) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $166.00.

A number of brokerages recently commented on ICFI. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial lifted their price objective on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday.

ICF International Trading Down 0.5 %

ICF International stock opened at $167.77 on Friday. ICF International has a 52-week low of $115.67 and a 52-week high of $178.18. The company has a market cap of $3.15 billion, a P/E ratio of 29.49 and a beta of 0.61. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $166.94 and a two-hundred day simple moving average of $152.65.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, October 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.32. ICF International had a net margin of 5.38% and a return on equity of 14.88%. The company had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same period in the previous year, the business posted $1.81 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that ICF International will post 7.06 EPS for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. ICF International’s payout ratio is presently 9.84%.

Insider Activity

In related news, CEO John Wasson sold 1,417 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the sale, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ICF International news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,285 shares of company stock worth $897,398 over the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ICFI. BNP Paribas Financial Markets lifted its position in shares of ICF International by 9.4% in the first quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock worth $2,491,000 after buying an additional 1,419 shares in the last quarter. Whittier Trust Co. bought a new position in shares of ICF International during the 1st quarter valued at approximately $25,000. SG Americas Securities LLC bought a new position in shares of ICF International during the 1st quarter valued at approximately $167,000. TimesSquare Capital Management LLC grew its holdings in shares of ICF International by 5.5% in the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock valued at $19,105,000 after purchasing an additional 6,570 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in ICF International by 2.5% in the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock worth $19,187,000 after purchasing an additional 3,070 shares during the last quarter. Institutional investors 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.