Short Interest in ICF International, Inc. (NASDAQ:ICFI) Grows By 7.6%

ICF International, Inc. (NASDAQ:ICFI) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 133,700 shares, an increase of 7.6% from the August 31st total of 124,200 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 115,900 shares, the days-to-cover ratio is presently 1.2 days.

ICF International Price Performance

Shares of ICFI opened at $166.39 on Wednesday. The firm has a market cap of $3.12 billion, a PE ratio of 33.82 and a beta of 0.61. ICF International has a 52-week low of $115.67 and a 52-week high of $170.47. The business’s 50 day moving average price is $159.85 and its two-hundred day moving average price is $149.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.19.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.20. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The firm had revenue of $512.03 million during the quarter, compared to analysts’ expectations of $505.70 million. During the same quarter last year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that ICF International will post 7.06 EPS for the current year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 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 0.34%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio is currently 11.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ICFI. William Blair raised shares of ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Barrington Research restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial cut ICF International from a “buy” rating to a “hold” rating and dropped their price target for the company from $168.00 to $155.00 in a research note on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and an average price target of $159.75.

Insider Activity

In other news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the sale, the chief operating officer now directly owns 40,163 shares of the company’s stock, valued at approximately $6,124,857.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the sale, the chief operating officer now owns 40,163 shares of the company’s stock, valued at $6,124,857.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total transaction of $198,291.09. Following the transaction, the executive vice president now directly owns 4,785 shares in the company, valued at $640,663.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,766 shares of company stock valued at $1,039,264. 1.39% of the stock is owned by insiders.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently modified their holdings of ICFI. Whittier Trust Co. purchased a new stake in ICF International in the 1st quarter valued at $25,000. Rhumbline Advisers grew its position in ICF International by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock worth $4,081,000 after purchasing an additional 247 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of ICF International by 1.8% in the 4th quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock worth $3,254,000 after buying an additional 419 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ICF International during the first quarter valued at approximately $167,000. Finally, Torray Investment Partners LLC grew its position in ICF International by 8.7% during the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after buying an additional 1,159 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.