ICF International (NASDAQ:ICFI) Reaches New 1-Year Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $112.75 and last traded at $112.96, with a volume of 62436 shares changing hands. The stock had previously closed at $115.01.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ICFI. D. Boral Capital reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. 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 note on Friday, November 22nd. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday, November 19th. Finally, StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Trading Down 4.3 %

The business has a fifty day moving average price of $122.75 and a 200-day moving average price of $147.03. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.07 billion, a P/E ratio of 19.34 and a beta of 0.56.

Insider Activity at ICF International

In other news, Director Scott B. Salmirs acquired 400 shares of the 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 completion of the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ICFI. Geode Capital Management LLC raised its holdings in ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Congress Asset Management Co. grew its stake in ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares during the period. Systematic Financial Management LP lifted its position in shares of ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after acquiring an additional 2,484 shares during the period. Tributary Capital Management LLC increased its stake in ICF International by 10.9% in the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock valued at $25,256,000 after purchasing an additional 20,861 shares in the last quarter. Finally, Pier Capital LLC bought a new position in shares of ICF International during the 3rd quarter worth about $6,579,000. 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.