ICF International, Inc. (NASDAQ:ICFI) EVP Anne F. Choate Sells 1,481 Shares

ICF International, Inc. (NASDAQ:ICFI) EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $133.89, for a total transaction of $198,291.09. Following the sale, the executive vice president now owns 4,785 shares in the company, valued at approximately $640,663.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ICF International Stock Performance

ICFI opened at $132.86 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 27.00 and a beta of 0.60. ICF International, Inc. has a 52-week low of $114.51 and a 52-week high of $158.00. The firm’s fifty day simple moving average is $142.49 and its two-hundred day simple moving average is $143.40.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.33. The business had revenue of $494.44 million for the quarter, compared to the consensus estimate of $487.95 million. ICF International had a net margin of 4.74% and a return on equity of 14.42%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Equities analysts anticipate that ICF International, Inc. will post 6.79 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 7th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, June 7th. ICF International’s dividend payout ratio is currently 11.38%.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently modified their holdings of ICFI. Trust Point Inc. purchased a new position in shares of ICF International in the fourth quarter worth about $995,000. Strs Ohio lifted its stake in shares of ICF International by 14.9% in the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock worth $7,350,000 after buying an additional 7,100 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after buying an additional 1,000 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of ICF International in the fourth quarter worth about $16,126,000. Finally, Torray Investment Partners LLC raised its stake in ICF International by 1.0% during the fourth quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock worth $1,743,000 after purchasing an additional 130 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barrington Research restated an “outperform” rating and set a $173.00 price target on shares of ICF International in a research report on Friday, May 31st. Truist Financial lowered shares of ICF International from a “buy” rating to a “hold” rating and dropped their price target for the company from $168.00 to $155.00 in a research report on Monday, July 1st. Finally, William Blair raised shares of ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.50.

ICF International Company Profile

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.