James C. M. Morgan Sells 2,500 Shares of ICF International, Inc. (NASDAQ:ICFI) Stock

ICF International, Inc. (NASDAQ:ICFI) COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the sale, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ICF International Trading Down 0.6 %

Shares of NASDAQ:ICFI traded down $1.01 during midday trading on Thursday, hitting $175.05. 71,268 shares of the stock traded hands, compared to its average volume of 97,832. The stock has a market capitalization of $3.28 billion, a PE ratio of 35.58 and a beta of 0.61. The business’s 50 day moving average is $164.15 and its two-hundred day moving average is $150.61. 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, Inc. has a one year low of $115.67 and a one year high of $177.01.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.49 by $0.20. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The firm had revenue of $512.03 million during the quarter, compared to the consensus estimate of $505.70 million. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts forecast that ICF International, Inc. will post 7.06 earnings per share for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Friday, September 6th. ICF International’s payout ratio is currently 11.38%.

Hedge Funds Weigh In On ICF International

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. bought a new position in ICF International in the first quarter worth about $25,000. SG Americas Securities LLC bought a new position in ICF International in the first quarter worth about $167,000. Marshall Wace LLP bought a new position in ICF International in the second quarter worth about $301,000. AlphaMark Advisors LLC purchased a new stake in ICF International in the third quarter worth about $342,000. Finally, Torray Investment Partners LLC grew its holdings in ICF International by 8.7% in the second 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 during the period. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

ICFI has been the subject of several recent research reports. Truist Financial downgraded shares of ICF International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Barrington Research reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, William Blair raised shares of ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and a consensus target price of $159.75.

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.