ICF International (NASDAQ:ICFI) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

ICFI has been the topic of several other reports. Barrington Research reissued an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial increased their target price on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ICF International currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.00.

ICF International Stock Performance

ICF International stock opened at $168.49 on Tuesday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 29.61 and a beta of 0.61. The stock has a fifty day moving average price of $167.79 and a two-hundred day moving average price of $154.27. ICF International 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 current ratio of 1.21 and a quick ratio of 1.19.

ICF International (NASDAQ:ICFI) last announced its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The business had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.81 EPS. As a group, analysts anticipate that ICF International will post 7.45 EPS for the current fiscal year.

ICF International Dividend Announcement

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

Insider Buying and Selling at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Wednesday, October 16th. The shares were 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 owns 37,663 shares in the company, valued at $6,593,661.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,823 shares of company stock worth $1,165,078. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of ICF International during the first quarter worth $167,000. Clearbridge Investments LLC lifted its holdings in ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock worth $19,187,000 after acquiring an additional 3,070 shares in the last quarter. Argent Capital Management LLC grew its stake in ICF International by 10.2% in the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after acquiring an additional 2,542 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of ICF International by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after acquiring an additional 2,173 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of ICF International by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after purchasing an additional 1,367 shares during the period. 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.