Short Interest in ICF International, Inc. (NASDAQ:ICFI) Rises By 9.2%

ICF International, Inc. (NASDAQ:ICFI) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 867,000 shares, a growth of 9.2% from the January 15th total of 794,300 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average trading volume of 231,200 shares, the short-interest ratio is currently 3.8 days.

ICF International Stock Down 1.9 %

ICF International stock traded down $2.05 during trading hours on Friday, reaching $107.77. The stock had a trading volume of 207,413 shares, compared to its average volume of 215,336. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 18.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day moving average price is $121.27 and its 200-day moving average price is $146.25. ICF International has a 52 week low of $106.02 and a 52 week high of $179.67.

Insider Buying and Selling

In other ICF International news, Director Scott B. Salmirs acquired 400 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought 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 approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently added to or reduced their stakes in ICFI. Tudor Investment Corp ET AL raised its position in shares of ICF International by 5,171.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock worth $8,810,000 after acquiring an additional 72,502 shares during the period. Marshall Wace LLP grew its stake in shares of ICF International by 2,331.0% in the 4th quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider’s stock valued at $7,770,000 after buying an additional 62,495 shares during the period. Pier Capital LLC purchased a new stake in shares of ICF International in the 3rd quarter valued at approximately $6,579,000. Congress Asset Management Co. grew its stake in shares of ICF International by 10.7% in 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 buying an additional 34,299 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in shares of ICF International by 76,550.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock worth $3,655,000 after purchasing an additional 30,620 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ICFI shares. D. Boral Capital restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Truist Financial cut 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 raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.