ICF International (NASDAQ:ICFI) Downgraded to Buy Rating by StockNews.com

StockNews.com downgraded shares of ICF International (NASDAQ:ICFI) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

Other equities research analysts have also issued reports about the company. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, November 19th. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. Finally, Truist Financial dropped their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.25.

ICF International Stock Performance

ICFI stock opened at $136.74 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.57 billion, a P/E ratio of 24.03 and a beta of 0.61. ICF International has a 12-month low of $128.28 and a 12-month high of $179.67. The stock’s 50 day simple moving average is $163.19 and its 200 day simple moving average is $153.73.

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 analyst estimates of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.81 EPS. As a group, equities research analysts predict that ICF International will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.41%. ICF International’s payout ratio is 9.84%.

Insider Transactions at ICF International

In other news, EVP Anne F. Choate sold 1,438 shares of the 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 completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott B. Salmirs bought 400 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 4,038 shares of company stock valued at $705,355. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted 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 worth $84,000 after acquiring an additional 58 shares in the last quarter. Marshall Wace LLP purchased a new stake in ICF International in the 2nd quarter worth about $301,000. AlphaMark Advisors LLC purchased a new stake in ICF International in the 3rd quarter worth about $342,000. Martingale Asset Management L P lifted its stake in ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after acquiring an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after acquiring an additional 967 shares in the last quarter. Institutional investors 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.