ICF International (NASDAQ:ICFI) Shares Pass Above 200-Day Moving Average – Here’s What Happened

ICF International, Inc. (NASDAQ:ICFI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $89.25 and traded as high as $98.03. ICF International shares last traded at $97.08, with a volume of 189,338 shares.

Analyst Ratings Changes

Several brokerages have weighed in on ICFI. Barrington Research lowered their price target on shares of ICF International from $107.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of ICF International in a research report on Monday, December 29th. Canaccord Genuity Group began coverage on shares of ICF International in a research note on Tuesday, December 2nd. They set a “buy” rating and a $115.00 target price on the stock. Finally, Truist Financial increased their price target on ICF International from $82.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

ICF International Trading Up 1.2%

The company has a 50-day moving average of $86.36 and a 200 day moving average of $89.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $1.79 billion, a PE ratio of 18.32 and a beta of 0.42.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The company had revenue of $465.41 million for the quarter, compared to analysts’ expectations of $485.10 million. ICF International had a net margin of 5.13% and a return on equity of 13.40%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the company earned $2.13 earnings per share. Analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 5th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, December 5th. ICF International’s payout ratio is presently 10.57%.

Insiders Place Their Bets

In other news, Director Randall Mehl bought 500 shares of ICF International stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of $77.00 per share, with a total value of $38,500.00. Following the completion of the purchase, the director owned 20,474 shares in the company, valued at $1,576,498. The trade was a 2.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.48% of the stock is owned by company insiders.

Institutional Trading of ICF International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tributary Capital Management LLC grew its stake in shares of ICF International by 126.6% during the third quarter. Tributary Capital Management LLC now owns 464,584 shares of the business services provider’s stock valued at $43,113,000 after buying an additional 259,581 shares during the last quarter. Geode Capital Management LLC grew its position in ICF International by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 454,451 shares of the business services provider’s stock valued at $38,502,000 after acquiring an additional 2,786 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its position in ICF International by 92.0% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 328,181 shares of the business services provider’s stock valued at $30,455,000 after acquiring an additional 157,295 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in ICF International in the third quarter worth $8,354,000. Finally, Bank of New York Mellon Corp lifted its position in shares of ICF International by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 85,896 shares of the business services provider’s stock worth $7,276,000 after purchasing an additional 3,906 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

About ICF International

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.