Brokerages Set ICF International, Inc. (NASDAQ:ICFI) PT at $177.25

Shares of ICF International, Inc. (NASDAQ:ICFI) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $167.25.

A number of research analysts have recently commented on ICFI shares. Barrington Research reissued an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Truist Financial lowered their price target on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th.

Insider Buying and Selling

In related news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction dated Wednesday, October 16th. The stock was 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 directly owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,038 shares of company stock valued at $705,355 over the last three months. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in ICF International during the 3rd quarter worth about $734,000. Geode Capital Management LLC boosted its position in ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares during the period. Pier Capital LLC acquired a new stake in ICF International during the 3rd quarter worth about $6,579,000. Systematic Financial Management LP boosted its position in ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after acquiring an additional 2,484 shares during the period. Finally, Captrust Financial Advisors boosted its position in ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after acquiring an additional 967 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Stock Performance

ICFI stock opened at $136.74 on Thursday. 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 capitalization of $2.57 billion, a price-to-earnings ratio of 24.03 and a beta of 0.61. ICF International has a 1 year low of $128.28 and a 1 year high of $179.67. The stock’s fifty day moving average is $163.19 and its two-hundred day moving average is $153.73.

ICF International (NASDAQ:ICFI) last posted its earnings results 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. The company had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.81 earnings per share. On average, research analysts predict that ICF International will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is currently 9.84%.

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.