Insider Selling: ICF International, Inc. (NASDAQ:ICFI) CEO Sells 100 Shares of Stock

ICF International, Inc. (NASDAQ:ICFI) CEO John Wasson sold 100 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $180.00, for a total transaction of $18,000.00. Following the sale, the chief executive officer now directly owns 68,718 shares in the company, valued at $12,369,240. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

John Wasson also recently made the following trade(s):

• On Thursday, August 29th, John Wasson sold 1,417 shares of ICF International stock. The stock was sold at an average price of $165.14, for a total value of $234,003.38.

ICF International Trading Down 0.6 %

ICFI traded down $1.06 during mid-day trading on Thursday, reaching $168.75. The stock had a trading volume of 176,134 shares, compared to its average volume of 98,907. The stock has a market capitalization of $3.17 billion, a P/E ratio of 29.66 and a beta of 0.61. ICF International, Inc. has a 52 week low of $128.28 and a 52 week high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.21. The firm’s fifty day simple moving average is $167.38 and its two-hundred day simple moving average is $153.38.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.36. The business had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.81 earnings per share. On average, equities analysts predict that ICF International, Inc. will post 7.45 EPS for the current year.

ICF International Announces Dividend

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

Analysts Set New Price Targets

ICFI has been the subject of several research analyst reports. Truist Financial lifted their price objective on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.00.

Hedge Funds Weigh In On ICF International

A number of hedge funds and other institutional investors have recently bought and sold shares of ICFI. Whittier Trust Co. bought a new stake in shares of ICF International during the 1st quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the last quarter. SG Americas Securities LLC bought a new stake in ICF International in the first quarter valued at about $167,000. Marshall Wace LLP acquired a new position in ICF International in the second quarter valued at about $301,000. Finally, AlphaMark Advisors LLC acquired a new position in shares of ICF International during the 3rd quarter worth about $342,000. 94.12% of the stock is owned by 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.