ICF International, Inc. (NASDAQ:ICFI) Short Interest Update

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 133,700 shares, an increase of 7.6% from the August 31st total of 124,200 shares. Based on an average daily volume of 115,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, EVP Anne F. Choate sold 1,481 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the sale, the executive vice president now directly owns 4,785 shares in the company, valued at approximately $640,663.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other ICF International news, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now directly owns 52,605 shares of the company’s stock, valued at $8,687,189.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anne F. Choate sold 1,481 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $133.89, for a total transaction of $198,291.09. Following the completion of the sale, the executive vice president now directly owns 4,785 shares in the company, valued at approximately $640,663.65. The disclosure for this sale can be found here. Insiders sold a total of 6,766 shares of company stock worth $1,039,264 over the last quarter. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICFI. Whittier Trust Co. acquired a new position in shares of ICF International in the 1st quarter valued at approximately $25,000. SG Americas Securities LLC acquired a new position in ICF International in the 1st quarter worth $167,000. Marshall Wace LLP acquired a new position in ICF International in the 2nd quarter worth $301,000. Torray Investment Partners LLC increased its holdings in ICF International by 8.7% during the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock worth $2,145,000 after purchasing an additional 1,159 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 valued at $2,491,000 after purchasing an additional 1,419 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ICFI has been the subject of a number of research analyst reports. William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Finally, Truist Financial cut shares of ICF International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $168.00 to $155.00 in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.75.

ICF International Trading Down 0.2 %

ICFI opened at $166.39 on Wednesday. The firm has a 50 day simple moving average of $159.85 and a 200 day simple moving average of $149.27. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $170.47. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 33.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19.

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

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio is currently 11.38%.

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.