ICF International, Inc. (NASDAQ:ICFI) Short Interest Up 30.4% in November

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 603,500 shares, a growth of 30.4% from the November 15th total of 462,900 shares. Based on an average daily volume of 150,200 shares, the days-to-cover ratio is presently 4.0 days. Approximately 3.3% of the company’s stock are sold short.

Insider Activity at ICF International

In other news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,038 shares of company stock valued at $705,355 over the last three months. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ICFI. Farther Finance Advisors LLC boosted 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 period. Marshall Wace LLP acquired a new stake in shares of ICF International during the second quarter worth $301,000. AlphaMark Advisors LLC acquired a new stake in shares of ICF International during the third quarter worth $342,000. Martingale Asset Management L P raised its position in shares of ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Stock Performance

Shares of NASDAQ ICFI traded down $1.62 during trading on Friday, reaching $125.28. The stock had a trading volume of 250,692 shares, compared to its average volume of 115,288. ICF International has a one year low of $124.78 and a one year high of $179.67. 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 has a market cap of $2.35 billion, a PE ratio of 22.02 and a beta of 0.54. The firm’s 50 day moving average price is $154.41 and its two-hundred day moving average price is $152.52.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same quarter in the previous year, the firm posted $1.81 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts forecast that ICF International will post 7.35 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business 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 dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.45%. ICF International’s dividend payout ratio is currently 9.84%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. Finally, Truist Financial dropped their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.25.

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.