ICF International (NASDAQ:ICFI) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a research note released on Tuesday.

A number of other equities analysts have also weighed in on ICFI. Truist Financial boosted their price objective on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $174.67.

ICF International Stock Performance

NASDAQ:ICFI opened at $137.20 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day moving average is $167.28 and its 200 day moving average is $154.31. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The firm has a market capitalization of $2.57 billion, a PE ratio of 24.11 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. The business had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.81 earnings per share. On average, sell-side analysts anticipate that ICF International will post 7.45 earnings per share for the current year.

ICF International Announces Dividend

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

Insider Buying and Selling

In related news, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. This trade represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the sale, the chief operating officer now owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,823 shares of company stock valued at $1,165,078 over the last ninety days. Insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of ICF International by 13.1% during 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 during the last quarter. SG Americas Securities LLC bought a new position in ICF International during the 1st quarter valued at about $167,000. Marshall Wace LLP purchased a new stake in ICF International in the 2nd quarter valued at about $301,000. AlphaMark Advisors LLC purchased a new stake in shares of ICF International in the 3rd quarter worth approximately $342,000. Finally, Martingale Asset Management L P lifted its position in shares of 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 purchasing an additional 690 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.