ICF International (NASDAQ:ICFI) Shares Down 4.1% – Time to Sell?

Shares of ICF International, Inc. (NASDAQ:ICFI) dropped 4.1% on Friday . The company traded as low as $80.76 and last traded at $81.75. Approximately 32,898 shares were traded during trading, a decline of 82% from the average daily volume of 185,290 shares. The stock had previously closed at $85.28.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price target (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Friday. Barrington Research dropped their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Finally, Truist Financial lowered their price objective on ICF International from $97.00 to $85.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.20.

ICF International Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.47 billion, a PE ratio of 14.04 and a beta of 0.49. The firm has a fifty day simple moving average of $84.70 and a 200-day simple moving average of $116.27.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. On average, research analysts forecast that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, June 6th. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ICFI. Wilmington Savings Fund Society FSB acquired a new stake in shares of ICF International during the third quarter worth $734,000. Rhumbline Advisers lifted its stake in shares of ICF International by 17.0% in the 4th quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider’s stock worth $3,651,000 after acquiring an additional 4,457 shares during the period. Argent Capital Management LLC boosted its holdings in shares of ICF International by 15.7% in the fourth quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock valued at $3,985,000 after acquiring an additional 4,545 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of ICF International by 76,550.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after acquiring an additional 30,620 shares in the last quarter. Finally, Tributary Capital Management LLC increased its stake in shares of ICF International by 10.9% during the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after acquiring an additional 20,861 shares during the period. 94.12% of the stock is currently owned by hedge funds and other 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.