ICF International (NASDAQ:ICFI) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of ICF International (NASDAQ:ICFI) in a report published on Friday morning, Benzinga reports. They currently have a $174.00 price objective on the business services provider’s stock.

Several other equities research analysts also recently commented on ICFI. William Blair upgraded shares of ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Truist Financial downgraded shares of ICF International from a buy rating to a hold rating and reduced their price target for the company from $168.00 to $155.00 in a research report on Monday, July 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, ICF International has an average rating of Moderate Buy and an average price target of $159.75.

ICF International Trading Down 0.4 %

Shares of NASDAQ:ICFI opened at $167.51 on Friday. The company has a market cap of $3.14 billion, a PE ratio of 34.05 and a beta of 0.61. The company’s 50-day moving average price is $156.08 and its 200 day moving average price is $148.61. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $170.47. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The business had revenue of $512.03 million for the quarter, compared to the consensus estimate of $505.70 million. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that ICF International will post 7.06 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, September 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. ICF International’s dividend payout ratio (DPR) is 11.38%.

Insider Buying and Selling

In related news, CEO John Wasson sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the sale, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $133.89, for a total transaction of $198,291.09. Following the completion of the transaction, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the transaction, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at $2,572,789.05. The disclosure for this sale can be found here. In the last three months, insiders sold 9,766 shares of company stock valued at $1,444,534. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of hedge funds have recently made changes to their positions in the company. Argent Capital Management LLC grew its position in shares of ICF International by 1.8% during the 4th quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock worth $3,254,000 after buying an additional 419 shares during the period. Congress Asset Management Co. MA raised its holdings in shares of ICF International by 4.5% in the fourth quarter. Congress Asset Management Co. MA now owns 269,980 shares of the business services provider’s stock valued at $36,202,000 after purchasing an additional 11,596 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of ICF International by 9.4% in the first quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock valued at $2,491,000 after purchasing an additional 1,419 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of ICF International in the first quarter valued at approximately $25,000. Finally, SG Americas Securities LLC acquired a new position in ICF International during the first quarter worth $167,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.