ICF International (NASDAQ:ICFI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

ICF International, Inc. (NASDAQ:ICFI) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $89.54 and traded as high as $94.40. ICF International shares last traded at $93.77, with a volume of 104,765 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial upped their price target on shares of ICF International from $82.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of ICF International in a research report on Monday, December 29th. Canaccord Genuity Group started coverage on shares of ICF International in a research report on Tuesday, December 2nd. They set a “buy” rating and a $115.00 price target on the stock. Finally, Barrington Research lowered their price objective on ICF International from $107.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

ICF International Stock Up 0.6%

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 stock’s fifty day simple moving average is $88.30 and its 200-day simple moving average is $89.54. The stock has a market cap of $1.73 billion, a P/E ratio of 17.69 and a beta of 0.42.

Insider Buying and Selling

In related news, Director Randall Mehl bought 500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were purchased at an average cost of $77.00 per share, with a total value of $38,500.00. Following the completion of the transaction, the director directly owned 20,474 shares of the company’s stock, valued at approximately $1,576,498. This represents a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ICF International

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in ICF International by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 85,896 shares of the business services provider’s stock valued at $7,276,000 after purchasing an additional 3,906 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of ICF International in the second quarter valued at approximately $270,000. Zions Bancorporation National Association UT increased its stake in shares of ICF International by 7.1% in the second quarter. Zions Bancorporation National Association UT now owns 21,063 shares of the business services provider’s stock valued at $1,784,000 after purchasing an additional 1,393 shares during the period. Geode Capital Management LLC raised its holdings in shares of ICF International by 0.6% during the second quarter. Geode Capital Management LLC now owns 454,451 shares of the business services provider’s stock valued at $38,502,000 after buying an additional 2,786 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in shares of ICF International by 7.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,278 shares of the business services provider’s stock worth $362,000 after buying an additional 307 shares during the period. Institutional investors own 94.12% of the company’s stock.

ICF International Company Profile

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.