ICF International, Inc. (NASDAQ:ICFI) Sees Large Increase in Short Interest

ICF International, Inc. (NASDAQ:ICFI) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 771,200 shares, an increase of 10.6% from the December 15th total of 697,600 shares. Based on an average trading volume of 186,300 shares, the days-to-cover ratio is presently 4.1 days. Approximately 4.2% of the shares of the company are sold short.

Insider Buying and Selling at ICF International

In related news, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 $593,293.71. This represents a 29.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the acquisition, the director now owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The disclosure for this purchase can be found here. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICFI. Farther Finance Advisors LLC increased its stake in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after buying an additional 339 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ICF International in the 2nd quarter valued at about $301,000. AlphaMark Advisors LLC acquired a new position in shares of ICF International during the 3rd quarter worth approximately $342,000. Finally, Martingale Asset Management L P lifted its stake in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ICFI. Truist Financial reduced their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. Finally, D. Boral Capital restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Trading Up 0.1 %

NASDAQ:ICFI opened at $129.44 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International has a 12-month low of $114.99 and a 12-month high of $179.67. The business has a 50 day simple moving average of $130.15 and a 200 day simple moving average of $148.92. The firm has a market capitalization of $2.43 billion, a P/E ratio of 22.75 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter last year, the business posted $1.81 EPS. ICF International’s revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that ICF International will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 6th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.43%. ICF International’s payout ratio is presently 9.84%.

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.