ICF International (NASDAQ:ICFI) Stock Price Expected to Rise, Truist Financial Analyst Says

ICF International (NASDAQ:ICFI) had its price target increased by Truist Financial from $155.00 to $180.00 in a research report sent to investors on Friday, Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Separately, Barrington Research reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.00.

ICF International Price Performance

Shares of ICF International stock opened at $169.51 on Friday. The stock has a 50 day moving average of $166.94 and a 200 day moving average of $152.83. ICF International has a 12 month low of $124.46 and a 12 month high of $178.18. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.18 billion, a PE ratio of 29.79 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.32. ICF International had a return on equity of 14.88% and a net margin of 5.38%. The company had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts expect that ICF International will post 7.45 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.33%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is presently 9.84%.

Insider Buying and Selling at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,285 shares of company stock valued at $897,398 in the last three months. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several institutional investors have recently bought and sold shares of the business. Congress Asset Management Co. boosted its position in ICF International by 10.7% during 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 acquiring an additional 34,299 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of ICF International by 5.5% during the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock valued at $19,105,000 after buying an additional 6,570 shares during the last quarter. Tilia Fiduciary Partners Inc. bought a new stake in shares of ICF International in the 3rd quarter valued at about $2,364,000. BNP Paribas Financial Markets grew its position in shares of ICF International by 9.4% in the 1st quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock worth $2,491,000 after buying an additional 1,419 shares during the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of ICF International by 10.2% during the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock worth $4,070,000 after acquiring an additional 2,542 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.