ICF International, Inc. (NASDAQ:ICFI) Director Buys $55,352.00 in Stock

ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs acquired 400 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

ICF International Price Performance

Shares of NASDAQ ICFI opened at $136.48 on Thursday. The business has a fifty day moving average price of $165.65 and a two-hundred day moving average price of $154.15. The stock has a market capitalization of $2.56 billion, a PE ratio of 23.99 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International, Inc. has a fifty-two week low of $128.28 and a fifty-two week high of $179.67.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. The business had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 earnings per share. As a group, equities analysts predict that ICF International, Inc. will post 7.45 earnings per share for the current fiscal year.

ICF International Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on ICFI. Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday. Finally, Truist Financial lifted their price target on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $177.25.

Hedge Funds Weigh In On ICF International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in ICF International in the 1st quarter valued at approximately $167,000. Clearbridge Investments LLC raised its stake in shares of ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock valued at $19,187,000 after acquiring an additional 3,070 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of ICF International by 10.2% during the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after acquiring an additional 2,542 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ICF International by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after purchasing an additional 2,173 shares during the period. Finally, Peregrine Capital Management LLC grew its stake in shares of ICF International by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after purchasing an additional 1,367 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

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.