ICF International (NASDAQ:ICFI) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a report released on Tuesday.

ICFI has been the topic of a number of other research reports. Truist Financial raised their price target on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ICF International has an average rating of “Moderate Buy” and a consensus price target of $166.00.

ICF International Trading Down 1.2 %

ICF International stock opened at $168.49 on Tuesday. ICF International has a 12 month low of $128.28 and a 12 month high of $179.67. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.16 billion, a P/E ratio of 29.61 and a beta of 0.61. The company’s fifty day simple moving average is $167.79 and its 200-day simple moving average is $154.27.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $1.81 EPS. As a group, sell-side analysts forecast that ICF International will post 7.45 EPS for the current fiscal year.

ICF International Announces Dividend

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 $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.33%. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Insider Buying and Selling at ICF International

In other news, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at approximately $8,687,189.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO John Wasson sold 1,417 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,823 shares of company stock worth $1,165,078 over the last ninety days. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 58 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of ICF International in the first quarter valued at $167,000. Marshall Wace LLP bought a new position in ICF International in the second quarter worth $301,000. AlphaMark Advisors LLC acquired a new stake in ICF International during the third quarter worth $342,000. Finally, Chartwell Investment Partners LLC increased its holdings in ICF International by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after buying an additional 67 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.