ICF International (NASDAQ:ICFI) Upgraded to “Buy” at Sidoti

Sidoti upgraded shares of ICF International (NASDAQ:ICFI) from a neutral rating to a buy rating in a report published on Tuesday morning, Marketbeat.com reports. They currently have $185.00 target price on the business services provider’s stock.

A number of other equities analysts also recently issued reports on ICFI. StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Barrington Research reissued an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. Finally, Truist Financial upped their price target on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ICF International has a consensus rating of “Buy” and a consensus price target of $177.25.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $133.46 on Tuesday. 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 firm has a market cap of $2.50 billion, a price-to-earnings ratio of 23.46 and a beta of 0.61. The business has a 50-day simple moving average of $166.17 and a two-hundred day simple moving average of $154.27. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67.

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

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is 9.84%.

Insider Activity

In other news, EVP Anne F. Choate sold 1,368 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. This represents a 28.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,823 shares of company stock valued at $1,165,078 in the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in ICF International by 13.1% in the third 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of ICF International during the first quarter valued at $167,000. Marshall Wace LLP purchased a new position in ICF International during the 2nd quarter valued at about $301,000. AlphaMark Advisors LLC purchased a new position in ICF International during the third quarter valued at approximately $342,000. Finally, Martingale Asset Management L P raised its position 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 acquiring an additional 690 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.