ICF International, Inc. (NASDAQ:ICFI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of ICF International, Inc. (NASDAQ:ICFI) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $127.20.

A number of brokerages have issued reports on ICFI. Truist Financial cut their target price on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Barrington Research reiterated an “outperform” rating and issued a $102.00 price objective on shares of ICF International in a report on Wednesday, June 11th. Wall Street Zen lowered ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group lowered their target price on ICF International from $100.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, May 8th.

ICF International Stock Performance

NASDAQ ICFI opened at $88.54 on Friday. The stock has a fifty day simple moving average of $85.41 and a 200-day simple moving average of $96.63. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.63 billion, a PE ratio of 15.19 and a beta of 0.50. ICF International has a twelve month low of $75.91 and a twelve month high of $179.67.

ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. ICF International had a net margin of 5.45% and a return on equity of 14.84%. The company had revenue of $487.62 million for the quarter, compared to analysts’ expectations of $487.28 million. During the same quarter in the prior year, the company posted $1.77 earnings per share. ICF International’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts anticipate that ICF International will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. ICF International’s dividend payout ratio (DPR) is 9.61%.

Insiders Place Their Bets

In related news, Director Scott B. Salmirs purchased 1,250 shares of ICF International stock in a transaction on Friday, June 6th. The shares were bought at an average price of $83.98 per share, with a total value of $104,975.00. Following the transaction, the director directly owned 7,653 shares of the company’s stock, valued at approximately $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randall Mehl acquired 2,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was bought at an average price of $84.40 per share, with a total value of $168,800.00. Following the purchase, the director directly owned 17,754 shares in the company, valued at approximately $1,498,437.60. This trade represents a 12.70% increase in their position. The disclosure for this purchase can be found here. 1.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ICF International in the fourth quarter worth approximately $149,000. Cibc World Markets Corp purchased a new stake in shares of ICF International in the 4th quarter valued at approximately $208,000. Ethic Inc. acquired a new stake in shares of ICF International in the 4th quarter valued at $292,000. Millstone Evans Group LLC purchased a new stake in shares of ICF International during the 4th quarter worth $447,000. Finally, Martingale Asset Management L P lifted its position in shares of ICF International by 103.0% during the 4th quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider’s stock worth $822,000 after purchasing an additional 3,500 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.