Short Interest in ICF International, Inc. (NASDAQ:ICFI) Grows By 10.6%

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 771,200 shares, an increase of 10.6% from the December 15th total of 697,600 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily volume of 186,300 shares, the short-interest ratio is presently 4.1 days.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction on 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 completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of hedge funds have recently modified their holdings of ICFI. Farther Finance Advisors LLC boosted its stake in shares of ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of ICF International during the 2nd quarter valued at about $301,000. AlphaMark Advisors LLC bought a new stake in shares of ICF International during the 3rd quarter valued at about $342,000. Finally, Martingale Asset Management L P boosted its stake in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after purchasing an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Trading Up 0.1 %

Shares of ICFI stock traded up $0.14 during mid-day trading on Friday, reaching $129.44. The stock had a trading volume of 127,323 shares, compared to its average volume of 162,439. The stock’s 50-day moving average price is $130.15 and its two-hundred day moving average price is $148.92. ICF International has a 52-week low of $114.99 and a 52-week high of $179.67. The firm has a market capitalization of $2.43 billion, a PE ratio of 22.75 and a beta of 0.57. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

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 net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter in the previous year, the company earned $1.81 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts expect that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Announces Dividend

The company also recently disclosed 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 dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, December 6th. ICF International’s payout ratio is 9.84%.

Analysts Set New Price Targets

ICFI has been the topic of several research reports. Truist Financial lowered their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. StockNews.com cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, D. Boral Capital reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

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.