ICF International (NASDAQ:ICFI) Stock Price Down 5.7% – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) shares traded down 5.7% during mid-day trading on Thursday . The stock traded as low as $129.40 and last traded at $125.23. 12,324 shares traded hands during trading, a decline of 94% from the average session volume of 196,063 shares. The stock had previously closed at $132.82.

Analysts Set New Price Targets

Several brokerages recently commented on ICFI. D. Boral Capital reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Tuesday, November 19th. Truist Financial cut their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.60.

ICF International Stock Down 2.4 %

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 $127.94 and its two-hundred day moving average price is $148.77. The stock has a market capitalization of $2.43 billion, a PE ratio of 22.78 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) 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 firm 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 earned $1.81 EPS. ICF International’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Friday, December 6th. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Activity

In related news, Director Scott B. Salmirs acquired 400 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at $593,293.71. This represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ICFI. Marshall Wace LLP bought a new position in shares of ICF International during the 2nd quarter valued at about $301,000. Tilia Fiduciary Partners Inc. bought a new position in ICF International during the third quarter valued at approximately $2,364,000. AlphaMark Advisors LLC purchased a new position in ICF International during the 3rd quarter valued at approximately $342,000. Argent Capital Management LLC raised its holdings in shares of ICF International by 5.3% during the 3rd quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider’s stock worth $4,817,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after acquiring an additional 34,299 shares during 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.